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Following are transactions for Vitalo Company. November 1 Accepted a $ 1 0 , 0 0 0 , 1 8 0 - day, 7 %
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. Note: Do not round intermediate calculations. Use 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 and April
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.
Note: Do not round intermediate calculations. Use 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 and April
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