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On March 1, 2013, Kramer Co

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On March 1, 2013, Kramer Co. collected a note receivable and related interest from Houston Co. The note had been issued one year earlier. Interest has been appropriately accrued on 12/31/13. Indicate the effects of this event on the elements of Kramer's financial statements. On March 1, 2013, Kramer Co. collected a note receivable and related interest from Houston Co. The note had been issued one year earlier. Interest has been appropriately accrued on 12/31/13. Indicate the effects of this event on the elements of Kramer's financial statements.

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