16. On April 1, Year 1,X Co. accepted a $6,000 value note as evidence of a loan it made to ABC Company. The note had a 11 percent interest rate and a one-year term. X Co. is the a. Maker b. Creditor c. Debtor d. Borrower 17. On April 1, Year 1, X Co. accepted a $6,000 value note as evidence of a loan it made to Cannon Company. The note had an 11 percent interest rate and a one-year term. The amount of interest revenue Hope recognized on the company's Year 1 income statement was? 18. X Company recognized accrued interest revenue at the end of its current accounting period. The result of this recognition is to a. increase assets, liabilities, and equity. b. increase assets and equity with no effect on liabilities. c. increase assets and liabilities and decrease equity. d. increase cash flow from operating activities