Question: 8 Exercise 7-14 Honoring a note LO P4 12.5 points Spord Following are transactions for Vitalo Company Nov. 1 Accepted a $12,000, 180-day, 5 note



8 Exercise 7-14 Honoring a note LO P4 12.5 points Spord Following are transactions for Vitalo Company Nov. 1 Accepted a $12,000, 180-day, 5 note from Kelly White in granting a time extension on her past-due account receivable. Dec. 31 Adjusted the year-end accounts for the accrued interest earned on the white note. Apr. 30 White honored her note when presented for payment. Complete the table to calculate the interest amounts at December 31st and April 30th and use those calculated values to prepare your journal entries. (Do not round intermediate calculations. Use 360 days a year.) Book Complete this question by entering your answers in the tabs below. Hint Print Interest General Amounts Journal Complete the table to calculate the interest amounts at December 31st and April 30th 9 References Total Through Maturity November 1 Through December 31 January 1 Through April 30 Principal Rate(%) Time Total interest General Journal > journal entries. (Do not round intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. Interest Amounts General Journal pped Use those calculated values to prepare your journal entries. View transaction list Book Journal entry worksheet Hint
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