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On 1 October 2016,Android Ltd Made a Loan to One

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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?


Definitions:

Two-wire Control

A simplified control circuit configuration that uses two wires for operation, commonly applied in direct ON/OFF control scenarios.

Mechanically Held

Refers to devices or components held in position or operated by mechanical means rather than by electrical power or magnetism.

Electrician

A skilled tradesperson who installs, maintains, and repairs electrical systems and components.

Pilot Device

Control equipment that directs the operation of another device or system, often based on user input.

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