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

question 75

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%.When the note matured on March 1,2014,the customer settled with the company in full.How much cash did Adirondac collect from the customer?

• A) $1,575
• B) $75
• C) $2,500
• D) $1,500

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