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How much interest receivable collected during fiscal year

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a) Husemann Co.'s assets include notes receivable from customers. During fiscal 2013, the amount of notes receivable averaged $46,100, and the interest rate of the notes averaged 9.4%.

b) If the balance in the Interest Receivable account increased by $2,750 from the beginning to the end of the fiscal year, how much interest receivable was collected during the fiscal year?

Reference no: EM131804056

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