On October 1,2019,Westfield Company sold machinery to a customer for $21,000.The customer could not pay at the time of sale,but agreed to pay 10 months later,and signed a 10-month note at 12% interest.How much interest revenue was earned during 2019? Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar.
A) $660
B) $630
C) $4410
D) $2100
Correct Answer:
Verified
Q191: On October 1,2019,Island Jewelry Company accepted a
Q192: A six-month note receivable for $5000 at
Q193: If a credit customer fails to pay
Q194: The following selected transactions occurred during
Q195: Which of the following would be included
Q197: When a company accepts a promissory note
Q198: On December 1,2018,Atlas Company sold machinery to
Q199: Companies should not sell merchandise in exchange
Q200: Which of the following is the result
Q201: Which of the following is included in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents