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Crane Co. has the following notes receivable outstanding at December 31, 2024: Issue Date Term Principal Interest Rate 1. August 31, 2024 5 months $13,200
Crane Co. has the following notes receivable outstanding at December 31, 2024: Issue Date Term Principal Interest Rate 1. August 31, 2024 5 months $13,200 5% 2. February 1, 2024 12 months 28,800 5% 3. October 31, 2024 6 months 9,600 6% Interest on each of the above notes is payable at maturity. (a) Your answer is correct. Calculate the interest revenue that Crane Co. will report on its income statement for the year ended December 31, 2024. Indicate where this will be presented on a multiple-step income statement. (Round answer to O decimal places, e.g. 5,275.) (b) Total interest revenue 1636 Interest Revenue is reported under other revenues on the income statement. eTextbook and Media eTextbook 1 eTextbook 2 List of Accounts Assistance Used Attempts: 2 of 3 used Calculate the amounts related to these notes that will be reported on Crane Co.'s balance sheet at December 31, 2024. Indicate where they will be presented. (Round answers to O decimal places, e.g. 5,275.) Account Presented in Balance sheet under Amount $
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