Academy Grill Supply On October 1, 2013, the Company Received a $50,000 Promissory

Academy Grill Supply
On October 1, 2013, the company received a $50,000 promissory note from a customer. The annual interest rate is 6%. Principal and interest will be collected in cash at the maturity date of September 30, 2013.
-Refer to Absolute Appliances. What amount should the company recognize as interest revenue in 2013?

A) $ -0-
B) $1,000
C) $2,000
D) $3,000