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Soved Help Sou On May 1, 2018, Benz's Sandwich Shop loaned $18,000 to Mark Henry for one year at 10 percent interest. Required a. What
Soved Help Sou On May 1, 2018, Benz's Sandwich Shop loaned $18,000 to Mark Henry for one year at 10 percent interest. Required a. What is Benz's interest income for 2018? (Round your answer to the nearest dollar amount.) Interest income b. What is Benz's total amount of receivables at December 31, 2018? (Round your answer to the nearest dollar amount.) Receivables PHILIPS from AP c. How will the loan and interest be reported on Benz's 2018 statement of cash flows? Cash provided by investing activities d. What is Benz's interest income for 2019? (Round your answers to the nearest dollar amount.) Interest income U wantena de Conn... Connect - Sign In work i Saved Help Sav. e. What is the total amount of cash that Benz's will collect in 2019 from Mark Henry? (Round your answer to the nearest do amount.) Cash $ 1,800 f. How will the loan and interest be reported on Benz's 2019 statement of cash flows? (Round your answer to the nearest dollar amount.) g. What is the total amount of interest that Benz's earned on the loan to Mark Henry? (Round your answer to the nearest doll amount.) Interest eamed PHILIPS Famiin AP
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