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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
On October 1, 2017, Android, Inc. made a loan to one of its customers. The customer signed a 4-month note for $150,000 at 11%. How much interest revenue did the company record in the year 2017? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $1,650
B) $5,500
C) $1,375
D) $4,125
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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TanksTanks
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7 years ago
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H3Ko Author
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#2
7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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