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On October 1, 2019, Westfield, Inc. sold machinery to a customer for $20,000. The customer could not pay at the time of sale, but agreed
On October 1, 2019, Westfield, Inc. sold machinery to a customer for $20,000.
The customer could not pay at the time of sale, but agreed to pay 10
months later, and signed a 10month note at 11%
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. $ 1833
B.
$ 580
C. $ 3850
D. $ 550
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