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Part 4 of 4 Required information [The following information applies to the questions displayed below) Husemann Co.'s assets include notes receivable from customers. During fiscal

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Part 4 of 4 Required information [The following information applies to the questions displayed below) Husemann Co.'s assets include notes receivable from customers. During fiscal 2019, the amount of notes receivable averaged $45,500, and the interest rate of the notes averaged 8.2% 42 noints b-2. Prepare a horizontal model to show the collection of this amount. (Use amounts with + for increases and amounts with for decreases) Answer is: Assets Cash Interest receivable Balance Sheet Liabilities Interest revenue Note receivable Stockholder's Equity 781 Net Incom of notes receivable 2 nts reases and amounts with for Answer is not complete. Income Statement holder's Equity Net Income Revenues Interest revenue Interest receivable Expenses Interest receivable Part 4 of 4 Required information [The following information applies to the questions displayed below) Husemann Co.'s assets include notes receivable from customers. During fiscal 2019, the amount of notes receivable averaged $45,500, and the interest rate of the notes averaged 8.2% 42 noints b-2. Prepare a horizontal model to show the collection of this amount. (Use amounts with + for increases and amounts with for decreases) Answer is: Assets Cash Interest receivable Balance Sheet Liabilities Interest revenue Note receivable Stockholder's Equity 781 Net Incom of notes receivable 2 nts reases and amounts with for Answer is not complete. Income Statement holder's Equity Net Income Revenues Interest revenue Interest receivable Expenses Interest receivable

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