a. Husemann Co.'s assets include notes receivable from customers. During fiscal 2016, the amount of notes receivable averaged $46,000, and the interest rate of the notes averaged 9.6%.

amt= $4416

b. If the balance in the Interest Receivable account increased by $2,960 from the beginning to the end of the fiscal year, how much interest receivable was collected during the fiscal year?

amt= 1456

Prepare a horizontal model to show the collection of this amount. (Use amounts with + for increases and amounts with for decreases.)

b-1. It the balance in the Interest Receivable account increased by s2.960 from the beginning to the end of the fiscal year, how much interest receivable was collerted during the nscal year? Reterences eBook & Resources Learning objective os. Required Information Difficulty. 1 Easy worksheet The following information apples to the questions dispayed below/ Husemann Co's assets include notes receivable from customers. During fiscal 2016, Check my work the amount of notes receivable averaged S46.000. and the interest rate af the note averaged 96%. 166 points b-2. Prepare a horizontal model to show the collection of this amount (Use amounts with increases and amounts with or decreases +for Balance sheet Stockholder's Equity Net Income Liabilitie References eBook & Resources