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Following are transactions for Vitalo Company. Novenber 1 Accepted a $7,000,180-day, 8K note from Kelly white in granting a time extension on her past-due account

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Following are transactions for Vitalo Company. Novenber 1 Accepted a $7,000,180-day, 8K note from Kelly white in granting a time extension on her past-due account receiv Decenber 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 31st and April 30th and use those calculated values fo prepar journal entries. Note: Do not round intermediate calculations. Use 360 doys o year. Complete this question by entering your answers in the tabs below. Complete the table to calculate the interest amounts at December 31st and April 30th. Use those calculated values to prepare your journal entries. 1 Accepted a $7,000,180-day, 8% note from Kelly white in granting a time extension on her past-due account recelvable. 2 Adjusted the year-end accounts for the accrued interest earned on the white note. 3 White honored her note when presented for payment. Assume no reversing entries were made on January 1 . Note : = journal entry has been entered Use those calculated values to prepare your journal entries. Journal entry worksheet 3 Accepted a $7,000,180-day, 8% note from Kelly White in granting a time extension on her past-due account recelvable. Note: Enter debits before credits

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