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Following are transactions for Vitalo Company, November 1 Accepted a $15,000, 180-day, 7 note from Kelly White in granting a time extension on her past-due

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Following are transactions for Vitalo Company, November 1 Accepted a $15,000, 180-day, 7 note from Kelly White in granting a time extension on her past-due account receivable. December 31 Adjusted the year-end accounts for the accrund 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 General Amounts Journal Complete the table to calculate the interest amounts at December 31st and April 30th, November 1 Total Through January 1 Through Through Maturity December 31 April 30 Principal Rate(%) Time Total Interest Int Amount General Journal > View transaction list Journal entry worksheet 1 2 3 > Accepted a $15,000, 180-day, 7% note from Kelly White in granting a time extension on her past-due account receivable. Note: Enter debits before credits. General Journal Debit Credit Date November 01 Record entry Clear entry View general journal View transaction list Journal entry worksheet 2 N 3 Adjusted the year-end accounts for the accrued interest earned on the White note. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general Journal Journal entry worksheet

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