Question
On October? 1, 2019,? Westfield, Inc. sold machinery to acustomer for $20,000. The customer could not pay at the time of?sale, but agreed to pay
On October? 1, 2019,? Westfield, Inc. sold machinery to acustomer for $20,000. The customer could not pay at the time of?sale, but agreed to pay 11 months? later, and signed a 11?monthnote 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.$580
B.$550
C.$4,400
D.$2,017
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Accounting Information System
Authors: James A. Hall
7th Edition
978-1439078570, 1439078572
