On october 1, 2014, balkan, inc. accepted from another corporation a 1-year note receivable in the amount of $15,000, with an interest rate of 6%. how did this transaction affect balkan's financial statements?

Respuesta :

Balkan's assets will increase by Accounted receivable: $15,000 + Interest Receivable (0.06)$15000 = $15,900, at October 1st, 2014.