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The income statement of Jules Corporation for 2020 showed interest revenue of $51,000. The following balances were taken from Jules balance sheet. December 31, 2020
The income statement of Jules Corporation for 2020 showed interest revenue of $51,000. The following balances were taken from Jules balance sheet.
December 31, 2020 | December 31,2019 | |
Interest Receivable | 18,200 | 15,00 |
What amount of cash received for interest for 2020 was:
a. 54,200
b. 51,000
c. 32,800
d. 47,800
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