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need some help. Exercise 7-14 Honoring a note LO P4...

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Accounting

need some help.
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Exercise 7-14 Honoring a note LO P4 Following are transactions for Vitalo Company, Nov. 1 Accepted a $10,000, 180-day, 5% 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 paynent. 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 Joumal Complete the table to calculate the interest amounts at December 31" and April 30th November 1 January 1 Total Through Through Through Maturity December 31 April 30 Principal $ 10,000 $ 10,000 $ 10,000 Rate(%) 5% 5% Time 180/360 60/360 120/360 Total interest $ 250 5% SA General Journal >

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