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Nov. 1 Accepted a $17,000, 180-day, 9% note dated November i from Kelly White in granting a time extension on her past-due account receivable. Dec.

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Nov. 1 Accepted a $17,000, 180-day, 9% note dated November i from Kelly White in granting a time extension on her past-due account receivable. Dec. 31 Adjusted the year-end accounts for the accrued interest earned on the White note. Apr. 30 White honored her note when presented for payment; February has 28 days for the current year. Complete the table to calculate the interest amounts at December 31st and April 30th and use those calculated values to prepare your journal entries (assume that no reversing entries are recorded). (Do not round intermediate calculations. Use 360 days a year.) November 1 Total Through Maturity $ 1,530 Through December 31 January 1 Through April 30 Principal Rate (%) 9% Time 180/360 Total interest Journal entry worksheet 2 3 Accepted a $17,000, 180-day, 9% note dated November 1 from Kelly White in granting a time extension on her past-due account receivable. Note: Enter debits before credits. Date General Journal Debit Credit Nov 01 Record entry Clear entry View general journal Journal entry worksheet Adjusted the year-end accounts for the accrued interest earned on the White note. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Journal entry worksheet

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