On November 1,Jovel Company Loaned Another Company $100,000 at a 6.0

Multiple Choice

On November 1,Jovel Company loaned another company $100,000 at a 6.0% 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 is:

A) $0.
B) $6,000.
C) $5,000.
D) $16,667.
E) $1,000.