Homework Answers
Based on the information available in the question, we can answer as follows:-
Requirement a-1:-
Interest Revenue = $45,700 * 8.4%
Interest Revenue = $3,838.8
Interest Revenue = $3,839(Rounded)
Requirement a-2:-
| Balance Sheet | Income Statement | |||||||||||
| Assets | = | Liabilities | + | Shareholders equity | Net Income | = | Revenues | - | Expenses | |||
| Interest Receivable | 3,839 | Interest Revenue | 3,839 |
Requirement b-1:-
The interest receivable collected during the year is calculated as follows:-
Interest Receivable collected = Total Interest receivable - Increase in Interest receivable
Interest Receivable collected = $3,839 - $2,270
Interest Receivable collected = $1,569
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Please help, I can not find the
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The following information applies to the questions displayed below Husemann Co's assets include notes receivable from customers. During fiscal 2016, the amount of notes receivable averaged $45.200, and the interest ate of the notes averaged 166 points b-1. If the balance in the Interest Recelva ble account increased by $2.000 from the beginning to the end of the fiscal year, now much interest receivable was collected during the fsca
The following information applies to the questions displayed below Husemann Co's assets include notes receivable from customers. During fiscal 2016, the smount of notes receivable averaged $45,200, and the interest rese of the notes a nonzontal model to show the collection of this amount (Use amounts with + for increases and amounts with-for decreases.)
The following information applies to the questions displayed below Husemann Co's assets include notes receivabl e from customers. During fisca l 2016, the amount of notes receivable averaged $45,200, and the interest rate of the notes averaged 93% We were unable to transcribe this image
Required information [The following information applies to the questions displayed below) Husemann Cosassets include notes receivable from customers. During fiscal 2019, the amount of notes receivable averaged 545,700, and the interest rate of the notes averaged 8.4% b-2. Prepare a horizontal model to show the collection of the amount Use amounts with for increases and amounts with for decreases ha
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