Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 15 May 2018 My Price 4.00

Vitalo Company

Following are selected transactions for Vitalo Company.

 

Nov. 1   Accepted a $5,000, 180-day, 7% 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.)

Answers

(5)
Status NEW Posted 15 May 2018 04:05 PM My Price 4.00

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