Eary Companys income statement for 20-2 reported interest revenue of $430. The comparative balance sheet as of

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Eary Company’s income statement for 20-2 reported interest revenue of $430. The comparative balance sheet as of December 31, 20-2 and 20-1, reported the following:

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College Accounting Chapters 1-15

ISBN: 12

19th Edition

Authors: James A Heintz, Robert W Parry

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Question Posted: May 27, 2024 02:15 AM

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Eary Companys income statement for 20-2 reported interest revenue of $430. The comparative balance sheet as of

Question:

20-2 20-1 $150 $190 Accrued interest receivable Compute the amount of cash received for interest in 20-2.

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College Accounting Chapters 1-15

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