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Tapia Company invested $120,000 in a certificate of deposit on July 01, 20X6

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Tapia Company invested $120,000 in a certificate of deposit on July 01, 20X6. The CD carried a 6% annual rate of interest and a 9 month term to maturity Required: (6x1)=6 b. c. What amount of income will be recognized for the year ending December 31, 20X6? Show how the December 31, 20x6 adjusting entry to recognize the accrued interest revenue would affect the accounting equation? What amount of cash will be collected for interest revenue in 20X6? d. What is the amount of interest receivable as of December 31st, 20X6 What amount of cash will be collected for interest revenue in 20X7? What is the amount of interest receivable as of December 31st, 20x7? e. f.