Business, 30.11.2019 04:50 isaactatep808nj

On october 1, black company receives a 6% interest bearing note from reese company to settle a $20,000 account receivable. the note is due in six months. at december 31, black should record interest revenue of:
a. $0
b. $300
c. $600
d. $1,200

Answers: 1

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On october 1, black company receives a 6% interest bearing note from reese company to settle a $20,000 account receivable. the note is due in six months. at december 31, black should record interest revenue of: a. $0 b. $300 c. $600 d. $1,200

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Another question on Business

On october 1, black company receives a 6% interest bearing note from reese company to settle a $20,000 account receivable. the note is due in six months. at december 31, black should record interest revenue of:
a. $0
b. $300
c. $600
d. $1,200