plz help thank you At December 31 year-end, Crate Company has an $8,700 note receivable from a customer. Interest of 8% has accrued for 5 months on the note. What will Crate's financial statements report for this situation at December 31?A. The income statement will report a note receivable of $8,700.B. The balance sheet will report the note receivable of $8,700 and interest receivable of $290.C. Nothing because the business has not received the cash yet.D. The balance sheet will report the note receivable of $8,700.

All assets of a company are reported in the balance sheet. Since note receivable is an asset, it…

At December 31 year-end, Crate Company has an $8,700 note receivable from a customer. Interest of 8% has accrued for 5 months on the note. What will Crate's financial statements report for this situation at December 31? OA. The income statement will report a note receivable of $8,700. OB. The balance sheet will report the note receivable of $8,700 and interest receivable of $290. O C. Nothing because the business has not received the cash yet. OD. The balance sheet will report the note receivable of $8,700.