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On December 1,2017,Going Places,Inc

Question 134

Multiple Choice

On December 1,2017,Going Places,Inc.sold machinery to a customer for $22,000.The customer could not pay at the time of sale but agreed to pay 10 months later and signed an 10-month note at 9% interest.What was the total amount of cash collected by Going Places on the maturity of the note? (Round your answer to the nearest dollar. )


A) $23,980
B) $23,650
C) $20,350
D) $1,650

Correct Answer:

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