Equestrain Roads Accepted a Customer's $50,000 Zero-Interest-Bearing Six-Month Note Payable

question 32

Multiple Choice

Equestrain Roads accepted a customer's $50,000 zero-interest-bearing six-month note payable in a sales transaction. The product sold normally sells for $46,000. If the sale was made on June 30, how much interest revenue from this transaction would be recorded for the year ending December 31?

• A) $0.
• B) $2,000.
• C) $4,000.
• D) $5,000.

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