Question: solution ? Question 19 Crane Co. has the following notes receivable outstanding at December 31, 2021: Issue Date Term Principal Interest Rate 1. August 31,
solution ?Question 19 Crane Co. has the following notes receivable outstanding at December 31, 2021: Issue Date Term Principal Interest Rate 1. August 31, 2021 5 months $15,600 3 2. February 1, 2021 12 months 30,000 3 3. October 31, 2021 6 months 10.800 Interest on each of the above notes is payable at maturity. * Question 19 your answer is correct. Calculate the interest revenue that Crane Co. will report on its income statement for the year ended December 31, 2021. Indicate where this will be presented on a multiple-step income statement. (Round answer to 0 decimal places, e.g. 5,275.) Total interest revenue stiosa Interest Revenue is reported under the revenues on the income statement. Attempts: 6 of 15 used * Question 19 Your answer is correct. Calculate the amounts related to these notes that will be reported on Crane Co.'s balance sheet at December 31, 2021. Indicate where they will be presented. (Round answers to o decimal places, e.g. 5,275.) Account Notes Receivable Interest Receivable Presented in Balance sheet under Amount Current Assets 56400 Current Assets slios
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