Question: value: 3.20 points Exercise 7-12 Honoring a note LO P3 Following are selected transactions for Vitalo Company Nov. 1 Accepted a $9,000, 180-day, 9% note

 value: 3.20 points Exercise 7-12 Honoring a note LO P3 Following

value: 3.20 points Exercise 7-12 Honoring a note LO P3 Following are selected transactions for Vitalo Company Nov. 1 Accepted a $9,000, 180-day, 9% note dated November 1 from Kelly White in granting a time extension on her past-due account receivable Adjusted the year-end accounts for the accrued interest earned on the White note White honors her note when presented for payment; February has 28 Dec.31 Apr. 30 days for the current year First, complete the table below to calculate the interest amounts at December 31s and April 30h. (Round your final answers to nearest whole dollar. Use 360 days a year.) Total Through Maturit November 1 Through December 31 anuary Through April 30 Principal Rate (%) Time Total nterest Use those calculated values to prepare your journal entries (assume that no reversing entries are recorded). View transaction list Journal entry worksheet Accepted a $9,000, 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 Debit Credit Date Nov 01 General Journal Record entry View general journal Clear entry

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