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Husemann Co.'s assets include notes receivable from customers. During fiscal 2019, the amount of notes receivable averaged $46,200, and the interest rate of the notes

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Husemann Co.'s assets include notes receivable from customers. During fiscal 2019, the amount of notes receivable averaged $46,200, and the interest rate of the notes averaged 9.1%. Required: a-1. Calculate the amount of interest revenue earned by Husemann Co. during fiscal 2019. Amount a-2. Prepare a horizontal model that accrues the interest revenue earned from the notes. (Use amounts with + for increases and amounts with - for decreases) Balance Sheet Liabilities Assets Stockholders' Equity Net Income m the notes. (Use amounts with + for increases and Income Statement Stockholders' Equity Not Income Revenues Expenses Husemann Co.'s assets include notes receivable from customers. During fiscal 2019, the amount of notes receivable averaged $46,200, and the interest rate of the notes averaged 9.1%. b.1. If the balance in the Interest Receivable account increased by $2,220 from the beginning to the end of the fiscal year, how much Interest receivable was collected during the fiscal year? Amount

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