Check my we Exercise 7-13 Honoring a note LO P4 Following are selected transactions for...
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Check my we Exercise 7-13 Honoring a note LO P4 Following are selected transactions for Vitalo Com 180-day, 5t sote dated November 1 from Kelly white in granting a tine extension on her past- due account receivable Dec. 31 hdjusted the year-end accounts for the accrued interest earned on the white note. Apr. 30 White honored her note when presented tor payment: Tebruary bas 28 days for the current year. Complete the table to calculat e the interest amounts at December 31st and April 30th and use those calculated values to h journal entries (assume that no reversing entries are recorded). (Do not round intermediate calculations. Use 360 days a year) Complete this question by entering your answers in the tabs below. ournal References 31st and April 30th Through Rate (%) k Prev 8 of Next>
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