Multiple Choice
On December 1, 2015, Parsons Inc. sold machinery to a customer for $20,000. The customer could not pay at the time of sale, but agreed to pay 9 months later, and signed a 9-month note at 9% interest. How much interest revenue was earned during the year 2015?
A) $180
B) $150
C) $200
D) $900
Correct Answer:
Verified
Correct Answer:
Verified
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