Multiple Choice
On 1 October 2016,Android Ltd made a loan to one of its customers.The customer signed a 4-month note for $100,000 at 13%.How much interest revenue did the company record in the year 2016?
A) $4333
B) $1083
C) $3250
D) $1300
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q82: Which of the following are the two
Q83: The Allowance for doubtful debts account has
Q84: The Allowance for doubtful debts has a
Q85: On 1 October 2016,Android Ltd made a
Q86: Interest revenue must be reported for a
Q88: A creditor is a person or business
Q89: On 1 October 2016,Ealys Jewellers accepted a
Q90: The following information is from the
Q91: A company reports net accounts receivable of
Q92: A company has significant bad debts.Why is