California Condos
California Condos uses the accrual basis of accounting, and had the following account balances on its financial statements at December 31, 2019.
-Refer to California Condos. The company reported interest receivable of $2,500 at December 31, 2019, and $0 at the beginning of 2019. How much cash did the company collect for interest during the year?

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California Condos
California Condos uses the accrual basis of accounting, and had the following account balances on its financial statements at December 31, 2019. 
-Refer to California Condos. The company reported interest receivable of $2,500 at December 31, 2019, and $0 at the beginning of 2019. How much cash did the company collect for interest during the year?

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The Answer of California Condos
California Condos uses the accrual basis of accounting, and had the following account balances on its financial statements at December 31, 2019. 
-Refer to California Condos. The company reported interest receivable of $2,500 at December 31, 2019, and $0 at the beginning of 2019. How much cash did the company collect for interest during the year?

California Condos California Condos Uses the Accrual Basis of Accounting, and Had