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On April 1, 2019, Tabor Co. received an $5,200 note from a customer in settlement of an $5,200 account receivable from that customer. The note

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On April 1, 2019, Tabor Co. received an $5,200 note from a customer in settlement of an $5,200 account receivable from that customer. The note bore interest at the rate of 14% per annum, and the note plus interest was payable March 31, 2020 Required: Use the horizontal model to show the effects (+ for addition and - for subtraction) of each of these transactions and adjustments a. Receipt of the note on April 1, 2019 b. The accrual of interest at December 31, 2019. c. The collection of the note and interest on March 31, 2020 Transaction Note recevablo Type of financial statement Balance sheet Balance sheet Balance sheet income statement Balance sheet Balance sheet Balance sheet Balance sheet Revenues

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