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D Question 28 Sunnyside Inc. reported the following information: Accounts Receivable, December 31, 2020 $250,000 Accounts Receivable, December 31, 2021 $280,000 Total Net Income for
D Question 28 Sunnyside Inc. reported the following information: Accounts Receivable, December 31, 2020 $250,000 Accounts Receivable, December 31, 2021 $280,000 Total Net Income for 2021 $100,000 Collections from customers $400,000 Compute the amount of sales on account for 2021? Answer: 4 pts Question 29 4 pts On November 1, 2020 Rella Inc. signed a $400,000, 8 month, 10% note payable. At due date, the principal and interest will be paid. Calculate the amount of interest expense that Rella Inc. should report on its income statement for the year ended December 31, 2020. (round to the nearest dollar) Answer: $
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