Following are transactions for Vitalo Company.

November $1$ Accepted a $$6,000,180-$day, $8\%$ note from Kelly White in granting a time extension on her past$-$due account December $31$ Adjusted the year$-$end accounts for the accrued 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 ${31}^{st}$ and April ${30}^{th}$ and use those calculated values to prepare your journal entries.

Note: Do not round intermediate calculations. Use $360$ days a year.

Complete this question by entering your answers in the tabs below.

Interest

Amounts

Use those calculated values to prepare your journal entries.

Journal entry worksheet

$$

Accepted a $$6,000,180-$day, $8\%$ note from Kelly White in granting a time extension on her past$-$due account receivable.

Note: Enter debits before credits.