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November 1 Accepted a $ 1 0 , 0 0 0 , 1 8 0 - day, 6 % note from Kelly White in granting
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.
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Interest
Amounts
General
Journal
Complete the table to calculate the interest amounts at December and April
tabletableTotal ThroughMaturitytableNovember ThroughDecember tableJanuary ThroughApril PrincipalRate TimeTotal interest,,,
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