MC Qu. 237 On November 1, Jovel Company loaned... On November 1 Jovel Company loaned another company $230,000 at a 12.0% 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 ls: Multiple Choice $19,700 $o. $6,675 $4,600 Prey 1 of 50Next> MacBook Ai