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    Exam 4: Cash and Receivables
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    IXOS LtdAccepted an Eighteen-Month,$15,000,8% Note from ECM Corporation on June 1,2017
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IXOS LtdAccepted an Eighteen-Month,$15,000,8% Note from ECM Corporation on June 1,2017

Question 75

Question 75

Multiple Choice

IXOS Ltd.accepted an eighteen-month,$15,000,8% note from ECM Corporation on June 1,2017.The amount of interest to be accrued on December 31,2017,is:


A) $1,800
B) $1,200
C) $700
D) $600

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