Question
Interest Revenue on the income statement is $5,800, beginning Interest Receivable is $380, ending Interest Receivable is $420, and Net Sales Revenue is $33,500.
Interest Revenue on the income statement is $5,800, beginning Interest Receivable is $380, ending Interest Receivable is $420, and Net Sales Revenue is $33,500. What is the cash receipt for interest? OA. $27,660 OB. $5,040 OC. $5,000 OD. $5,760
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
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