Accutemp Heating & Air
On May 1,2012,the company sold merchandise to a customer and received a 8%,6-month note with a principal amount of $100,000.The company's year end is December 31.
-Refer to Accutemp Heating & Air.How much total interest revenue will the company recognize over the term of the note?

Question

Quizplus · Accepted Answer

The Answer of Accutemp Heating & Air
On May 1,2012,the company sold merchandise to a customer and received a 8%,6-month note with a principal amount of $100,000.The company's year end is December 31.
-Refer to Accutemp Heating & Air.How much total interest revenue will the company recognize over the term of the note?