Following are transactions for Vitalo Company.1 Accepted a $12,000, 180-day, 6% note from Kelly White in granting a time extension on her past-due accountreceivable.Nov.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.thand April 30 and use those calculated values to prepare yourComplete the table to calculate the interest amounts at December 31stjournal entries. (Do not round intermediate calculations. Use 360 days a year.)Complete this question by entering your answers in the tabs below.InterestGeneralAmountsJournalComplete the table to calculate the interest amounts at December 31st and April 30th.November 1January 1Total ThroughThroughThroughMaturityDecember 31April 30PrincipalRate (%)TimeTotal interest< Interest AmountsGeneral Journal >

According to accrual concept, the revenues or expenses incurred during period should be treated in…

Following are transactions for Vitalo Company. 1 Accepted a $12,000, 180-day, 6% note from Kelly White in granting a time extension on her past-due account receivable. Nov. 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. General Journal Interest Amounts

Following are transactions for Vitalo Company. 1 Accepted a $12,000, 180-day, 6% note from Kelly White in granting a time extension on her past-due account receivable. Nov. 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. General Journal Interest Amounts

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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answer in text form please (without image), Note: .Every entry should have narration please
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