Question: Nov. 1 Accepted a $15,000, 180-day, 9% note dated November 1 from Kelly White in granting a time extension on her past-due account receivable. Dec.

 Nov. 1 Accepted a $15,000, 180-day, 9% note dated November 1from Kelly White in granting a time extension on her past-due account

Nov. 1 Accepted a $15,000, 180-day, 9% note dated November 1 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; February has 28 days for the current year.

Complete the table to calculate the interest amounts at December 31st and April 30th and use those calculated values to prepare your journal entries (assume that no reversing entries are recorded). (Do not round intermediate calculations. Use 360 days a year.)

Exam #4 (Ch:67) 100 pts. Due: March 15 0 Help Save & Exit Submit Saved 9 Following are selected transactions for Vitalo Company. Nov. 1 Accepted a $15,000, 180-day, 9% note dated November 1 fron Kelly white in granting a time extension on her past-due account Dec. 3 Adjusted the year-end accounts for the accrued interest earned on the White note. receivable. Apr. 30 White honored her note vhen presented for paynent; February has 28 days for the current year. 10 points Complete the table to calculate the interest amounts at December 315t and April 30th and use those calculated values to prepare your journal entries (assume that no reversing entries are recorded). (Do not round intermediate calculations. Use 360 days a year.) 02:14:07 Complete this question by entering your answers in the tabs below Interest Amounts General Journal Complete the table to calculate the interest amounts at December 31st and April 30th November1 January 1 Through Maturity December 31April 30 Total Through Through Principal Rate (%) Time Total interest Interest Amounts General Journal > Use those calculated values to prepare your journal entries (assume that no reversing entries are recorded) 9 View transaction list 10 Journal entry worksheet 02:13:45 Accepted a $15,000, 180-day, 9% note dated November 1 from Kelly White in granting a time extension on her past-due account receivable. Note: Enter debits before credits Date General Journal Debit Credit Nov 01 Record entry Clear entry View general journal

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