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Following are transactions for Vitalo Company. November 1 Accepted a $ 7 , 0 0 0 , 1 8 0 - day, 7 % note
Following are transactions for Vitalo Company.
November Accepted a $day, note from Kelly White in granting a time extension on her pastdue account
receivable.
December Adjusted the yearend accounts for the accrued interest earned on the white note.
April White honored her note when presented for payment.
Complete the table to calculate the interest amounts at December and April and use those calculated values to prepare your
journal entries. Do not round intermediate calculations. Use days a year.
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Complete the table to calculate the interest amounts at December and April
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