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Following are selected transactions for Vitalo Company Now 1 Accepted a $16,000, 180-day, 6% note dated November 1 fron Kelly White in granting a time

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Following are selected transactions for Vitalo Company Now 1 Accepted a $16,000, 180-day, 6% note dated November 1 fron 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.) Horround intermediate calculations. Use 360 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 November 1 January 1 Total Through Through Through Maturity December 31 April 30 $ 16,000 $ 16,000 $ 16,000 6% 6% 6% 180/360 60/360 120/360 Principal Rate (%) Time Total interest FELAG General Journal > Accepted a $16,000, 180-day, 6% 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 Notes receivable-K White Accounts receivable--K White 16,000 16,000 Record entry Clear entry View general journal Journal entry worksheet

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