On October 1, Black Company receives a 4% interest bearing note from Reese Company to settle a $22,200 account receivable. The note is due in six months. At December 31, Black should record interest revenue of the value listed below.

On October 1, Black Company receives a 4% interest bearing note from Reese Company to settle a $22,200 account receivable. The note is due in six months. At December 31, Black should record interest revenue of the value listed below. Select the correct answer. $222 $232 $229 $219