Multiple Choice
On 1 October 2016,Android Ltd made a loan to one of its customers.The customer signed a 4-month bill for $130,000 at 13%.How much interest revenue did the company record in the year 2017 for this bill?
A) $2817
B) $5633
C) $1408
D) $4225
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q80: Bills receivable are usually longer in term
Q81: Which of the following entries would be
Q82: Which of the following are the two
Q83: The Allowance for doubtful debts account has
Q84: The Allowance for doubtful debts has a
Q86: Interest revenue must be reported for a
Q87: On 1 October 2016,Android Ltd made 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