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On May 1, Year 1, Benz's Sandwich Shop loaned 10,000 to Mark Henry for one year at 6% interest. Required a. What is Benz's interest income for year 1? b. What is Benz's total amount of receivables on December 31, Year 1? c. How did the loan and interest be reported? on Benz's Year 1 statement of cash flow? d. What is Benz's interest income for Year 2.? e. What is the total amount of cash that Benz will collect in year 2 from Mark Henry? f. How will the loan and interest be reported on Benz's Year 2 statement of cash flows.? g. What is the amount of interest that Benz'searned on the loan to Mark Henry?

Exercise 5-12A (Static) Notes receivable-accrued interest LO 5-4 On May 1. Year 1, Bent's Sandwich Shop loaned $10000 to Mark Henry for one year at 6 percent interest Required a. What is Denz's interest income for Yeat I? b. What is Dents total amount of ieceivables at December 31, Year 1? c. How will the loan and interest be reported on Deni's Year 1 statement of cash flows? d. What is Benzs interest income for Year 2? e. What is the total amount of cash that llent's will collect in Year 2 from Mark Henry? t. How will the loan and interest be reported on Dlenz's Year 2 statement of cash flows? 9. What is the total amount of interest that Benz's eamed on the loan to Mark Henry

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