3 column of interest 13. Interest income received in cash for the year is recorded as income account. (1 Point) Cash in hand. (-) Profit & Loss. (-) Cash in hand. (+) Interest income received in advance. (-) 14. When accrued repair expense of $600 was not being adjusted as at year-end. What is the effect on profit for the year? 050 (1 Point) 0 No change (constant) Understated by$600 2,611 (34 Overstated by $600 (4