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Following are transactions for Vitalo Company reverbeir 1 Accepted a 50,000 , 180-day, 51 note fros re1ly white in granting o tise extetelan ch ber
Following are transactions for Vitalo Company reverbeir 1 Accepted a 50,000 , 180-day, 51 note fros re1ly white in granting o tise extetelan ch ber part-due aceount recoivablo. Decepber 11 sifuated the year-end decorants for the acerued Intereat earned on the white note. Apeli 30 waite honored ber note when presented for paysent. Complete the table to calculate the interest amounts at December 31st and April 30th and use those calculated values to prepare your joumal entries. (Do not round intermediate calculations. Use 360 days a yeac) Complete this question by entering your answers in the tabs below. Complete the table to calculate the interest amounts at December 3144 and Aoril 306. Journal entry worksheet Accepted a $8,000,180-day, $% note from Kelly White in granting a time extension on her past-due account receivable. Note: Enter debits before credits. Journal entry worksheet Adjusted the year-end accounts for the accrued interest camed on the White note. Noke: Enter debits before credits. Journal entry worksheet White honored her note when presented for payment. Assume no reversing entries were made on January 1. Note: Enter debits before credits
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