On March 1, 2014, Peppers Deli loaned $20,000 to Simms Supply for one year at 9 percent interest.
What amounts will be reported on Peppers 2014 statement of cash flows? (Enter cash outflows as negative amounts.)
Investing activities outflow:______
What is Peppers interest income for 2015?
What is the total amount of cash that Peppers will collect in 2015 from Simms Supply?
What amounts will be reported on Peppers's 2015 statement of cash flows?
Operating activities inflow?_____
Investing activities inflow?______
What is the total amount of interest Peppers Deli earned from the loan to Simms Supply?