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H3Ko H3Ko
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7 years ago
On December 1, 2017, Falcon, Inc. sold machinery to a customer for $21,000. The customer could not pay at the time of sale but agreed to pay 6 months later and signed a 6-month note at 9% interest. How much interest revenue was earned for the entire term of the note? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $790
B) $1,890
C) $945
D) $158
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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H3Ko Author
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#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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