Multiple Choice
On October 1,2019,Springfield Company made a loan to one of its customers.The customer signed a 6-month note for $130,000 at 12%.How much interest revenue did the company record in 2020 for this note? (Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar.)
A) $5200
B) $2600
C) $3900
D) $7800
Correct Answer:
Verified
Correct Answer:
Verified
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