Question: Use those calculated values to prepare your journal entries. Ch 7: Summative Quiz @ Saved ) Following are transactions for Vitalo Company. November 1 Accepted

Use those calculated values to prepare your journal entries.

Ch 7: Summative Quiz @ Saved ) Following are transactions for Vitalo Company. November 1 Accepted a $11,000, 18-day, 7% note from Kelly White in granting a time extension on a past-due account receivable. December 31 Adjusted the year-end accounts for the accrued interest earned on the White note. April 3@ White honored the note when presented for payment. 20 points Complete the table to calculate the interest amounts at December 318t and April 30h and use those calculated values to prepare your Y journal entries. 8 01:23:08 Note: Do not round intermediate calculations. Use 360 days a year. Complete this question by entering your answers in the tabs below. Interest General Amounts Journal Use those calculated values to prepare your journal entries. View transaction list Journal entry worksheet Accepted a $11,000, 180-day, 7% note from Kelly White in granting a time extension on a past-due account receivable. Note: Enter debits before credits. November 01

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