Receivables B. Determine the interest, the adjustment, and account for each of the following examples. 1. Services were sold for $ 50,000 and you receive a 4-month letter with an interest of 1% per month. Interest is to be received in advance. This has already been 1 month. 2. Lend $ 10,000 and receive a 6-month receivable. We pay interest in advance at a rate of 4% per year. 1 month has passed since this. 3. Invest excess cash of $ 6,000 in a 4-month CDT with 2% bimonthly interest. This has already been 1 month.

Get to the fundamental equation by doing a graph with assets, liabilities and equity.