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On October 1, 2024, Equipment Suppliers, Inc. made a loan to one of its customers. The customer signed a 4 - month note for $110,000
On October 1, 2024, Equipment Suppliers, Inc. made a loan to one of its customers. The customer signed a 4 - month note for $110,000 at 15%. How much interest revenue did the company record in the year 2024 ? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) A. $4,125 B. $1,375 C. $1,650 D. $5,500
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