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8 Following are transactions for Vitalo Company November 1 Accepted a $17,000, 180-day, 71 note from Relly White in granting a time extension on her
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Following are transactions for Vitalo Company November 1 Accepted a $17,000, 180-day, 71 note from Relly White in granting a time extension on her past-due account receivable. December 31 Adjusted the year-end accounts for the accrued interest earned on the White note. April 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.) 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 31" and April 30th Total Through November 1 January 1 Through Through Maturity December 31 April 30 Principal Rate(%) Time Total interest Amount General Journal > Step by Step Solution
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