Business, 14.03.2020 02:12 elizabethhubbe
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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Following are selected transactions for Vitalo Company. Nov. 1 Accepted a $6,000, 180-day, 8% note d...
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