On September 1,2013,Adirondac Marine Supplies Made a Loan to One

question 137

Multiple Choice

On September 1,2013,Adirondac Marine Supplies made a loan to one of its customers.The customer signed a 6-month note for $1,500 at 10%.How much interest revenue did Adirondac record in the year 2013?

• A) $150
• B) $125
• C) $100
• D) $50

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