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Please help, I can not find the Interest receivable in the last pic. Required information [The following information applies to the questions displayed below.] Husemann
Please help, I can not find the Interest receivable in the last pic.
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 $46,000, and the interest rate of the notes averaged 9.7%. Required: a-1. Calculate the amount of interest revenue earned by Husemann Co. during fiscal 2019. Amount $ 4,462 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 $46,000, and the interest rate of the notes averaged 9.7%. 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 = Stockholders' Equity Assets Interest receivable + 01 4,462 er increases Income Statement Equity Net Income Revenues Interest revenue Revenues 29621 Expenses 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 $46,000, and the interest rate of the notes averaged 9.7%. b-1. If the balance in the Interest Receivable account increased by $2,230 from the beginning to the end of the fiscal year, how much interest receivable was collected during the fiscal year? Amount $ 2,232 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 $46,000, and the interest rate of the notes averaged 9.7%. b-2. Prepare a horizontal model to show the collection of this amount. (Use amounts with + for increases and amounts with - for decreases) Balance Sheet Liabilities + Stockholder's Equity Net Inc Assets Cash Interest receivable 2,232 0 otes and amounts with - Income Statement Equity Net Income Revenues Expenses 0Step by Step Solution
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