Help Save & EX On November 1, Jasper Company loaned another company $120,000 at a 9.0% interest rate. The note receivable plus interest will not be collected until March 1 of the following year. The company's annual accounting period ends on December 31. The amount of interest revenue that should be reported in the first year is: Multiple Choice $6.900 $17.500 $5.575 Next > 20 of 30