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Following are transactions for Monroe Company Nov. 1 Accepted a 516,000, 180-day, 8 note from Kevin White-Brown in granting & tine estension on his post-decot

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Following are transactions for Monroe Company Nov. 1 Accepted a 516,000, 180-day, 8 note from Kevin White-Brown in granting & tine estension on his post-decot receivable. Dec. 31 Adjusted the year and accounts for the accrued interest earned on the K. White-Brown note. Apr. 30 X. White-Brown honored his 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 General Amounts Journal Complete the table to calculate the interest amounts at December 31 and Apr 30th November 1 January 1 Total Through Through Through Maturity December 31 April 30 Principal Rate (%) Time Total interest Interest General Journal > Journal entry worksheet 2 3 Accepted a $16,000, 180-day, 8% note 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 Journal entry worksheet

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