Following are selected transactions for vitalo companynov, Ask an Expert

Accounting

Following are selected transactions for Vitalo Company.

Nov. 1

Accepted a $6,000, 180-day, 8% note dated November 1 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 honors her note when presented for payment; February has 28 days for the current year.

First, complete the table below to calculate the interest amounts at December 31st and April 30th. (Use 360 days a year.)

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92046928

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