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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, Parsons, Inc. sold machinery to a customer for $21,000. The customer could not pay at the time of sale, but agreed to pay 12 months later, and signed an 12-month note at 9% interest. How much interest revenue was earned during 2017? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $503
B) $473
C) $1,890
D) $4,257
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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7 years ago
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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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#3
3 years ago
THANK YOU
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