Question
Cash received for interest during X1 = $ 6,500. Cash paid for interest during X1 = $ 5,800. Interest payable at 1/1/X1 = $1,250; Interest
Cash received for interest during X1 = $ 6,500. Cash paid for interest during X1 = $ 5,800. Interest payable at 1/1/X1 = $1,250; Interest payable at 12/31/X1 = $ 1,930; Interest receivable at 1/1/X1 = $1,500; Interest receivable at 12/31/X1 = ?; Unearned interest at 1/1/X1 = $2,370; Unearned interest at 12/31/X1 = $ 1,980; Prepaid interest at 1/1/X1 = ?; Prepaid interest at 12/31/X1 = $ 1,200. Interest revenue during X1 = $7,500; Interest expense during X1 = $ 6,800. What is Interest receivable at 12/31/1/X1?
- A. $110
- B. $610
- C. $890
- D. $1,810
- E. $2,110
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Thermodynamics for Engineers
Authors: Kenneth A. Kroos, Merle C. Potter
1st edition
1133112862, 978-113311286
