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Husemann Co.'s assets include notes receivable from customers. During fiscal 2019, the amount of notes receivable averaged $46,100, and the interest rate of the notes

Husemann Co.'s assets include notes receivable from customers. During fiscal 2019, the amount of notes receivable averaged $46,100, and the interest rate of the notes averaged 9%.

b-2. Prepare a horizontal model to show the collection of this amount.

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