Multiple Choice
On 1 December 2014, Parsons Sales sold machinery to a customer for $2 000. The customer could not pay at the time of sale, but agreed to pay 9 months later, and signed a 9- month bill at 12% interest. How much interest revenue was earned during the year 2014?
A) $20
B) $75
C) $180
D) $90
Correct Answer:
Verified
Correct Answer:
Verified
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