The following information was taken from the accounting records of JBD company as of December 31,...

  

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The following information was taken from the accounting records of JBD company as of December 31, 2020: Inventory $17,000 Accounts Payable 536, 080 Common Stock $72,000 ..... Accounts Receivable $11,000 Retained Earnings $25, 000 (at January 1, 2020) $15,000 Copyright Salaries Expense ... $35,000 Supplies $10, 000 .... Mortgage payable $88, 000 (due March 1, 2040) Land. ... $99,000 Notes Payable $54, 000 (due November 1, 2022) sales Revenue .. S89, 000 Equipment $85,000 ...... Income Tax Expense $18, 000 Cost of Goods sold Salaries Payable $42, 000 ...... Cash ........... Accumulated Depreciation .. Trademark Dividends Interest revenue Additional information: 1) Total current assets at December 31, 2820 are equal to 50% of the total assets at December 31, 2020. 2) 75% of JBD's 2020 net income was paid to stockholders as dividends. 3) Total long-term liabilities at December 31, 2020 are equal to total current liabilities at December 31, 2020. Total equity at December 31, 2820 is equal to 58% of the total liabilities at December 31, 2020. Calculate the balance in the interest revenue account at December 31, 2020. The following information was taken from the accounting records of JBD company as of December 31, 2020: Inventory $17,000 Accounts Payable 536, 080 Common Stock $72,000 ..... Accounts Receivable $11,000 Retained Earnings $25, 000 (at January 1, 2020) $15,000 Copyright Salaries Expense ... $35,000 Supplies $10, 000 .... Mortgage payable $88, 000 (due March 1, 2040) Land. ... $99,000 Notes Payable $54, 000 (due November 1, 2022) sales Revenue .. S89, 000 Equipment $85,000 ...... Income Tax Expense $18, 000 Cost of Goods sold Salaries Payable $42, 000 ...... Cash ........... Accumulated Depreciation .. Trademark Dividends Interest revenue Additional information: 1) Total current assets at December 31, 2820 are equal to 50% of the total assets at December 31, 2020. 2) 75% of JBD's 2020 net income was paid to stockholders as dividends. 3) Total long-term liabilities at December 31, 2020 are equal to total current liabilities at December 31, 2020. Total equity at December 31, 2820 is equal to 58% of the total liabilities at December 31, 2020. Calculate the balance in the interest revenue account at December 31, 2020.