Following are transactions for Vitalo Company.
Nov. 1 Accepted a $6,000, 180-day, 78 note 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.
Complete the table to calculate the interest amounts at December 31st and April 30th and use those calculated values to prepare your
journal entries. (Do not round intermediate calculations. Use 360 days a year.)
Complete this question by entering your answers in the tabs below.
Interest
Amounts
General
Journal
Complete the table to calculate the interest amounts at December 31st and April 30th.
Total Through
Maturity
November 1
Through
December 31
January 1
Through
April 30
Principal
Rate (%)
Time
Total interest
General Journal
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