Use the information provided to calculate the missing cash received for interest for the period.Interest receivable, beginning-year$ 800Interest revenue12,600Interest receivable, year-end1,200Cash received for interest$
What will be an ideal response?
| ? | Interest revenue | $ 12,600 |
| ? | Increase in interest receivable ($1,200 - $800) | (400) |
| ? | Cash received for interest | $ 12,200 |
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