Question: Tampa Roofing Company collected P15,000 interest during 2020. It showed P2,000 interest receivable on its December 31, 2020 balance sheet and P6,000 on December 31,

Tampa Roofing Company collected P15,000 interest during 2020. It showed P2,000 interest receivable on its December 31, 2020 balance sheet and P6,000 on December 31, 2019. How much is the interest revenue on the income statement for 2020? P23,000 P11,000 None of the above P7,000 P19,000

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