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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
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 $46,700, and the interest rate of the notes averaged 9.8%. Required: a-1. Calculate the amount of interest revenue earned by Husemann Co. during fiscal 2019. Amount 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 $46,700, and the interest rate of the notes averaged 9.8% 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) Assets Balance Sheet Liabilities Stockholders' Equity Net Income Revenues 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 $46,700, and the interest rate of the notes averaged 9.8% b-1. If the balance in the Interest Receivable account increased by $2,850 from the beginning to the end of the fiscal year, how much interest receivable was collected during the fiscal year? Amount 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 $46,700, and the interest rate of the notes averaged 9.8% b-2. Prepare a horizontal model to show the collection of this amount (Use amounts with + for increases and amounts with - for decreases Assets Balance Sheet Liabilities Stockholder's Equity Net Income Revenues
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