On December 1,2014,Parsons Sales Sold Machinery to a Customer for $2,000.The

question 122

Multiple Choice

On December 1,2014,Parsons Sales sold machinery to a customer for $2,000.The customer could not pay at the time of sale,but agreed to pay 9 months later,and signed a 9-month note at 12% interest.What was the total amount of cash collected by Parsons when the note matured?

• A) $2,180
• B) $2,175
• C) $2,160
• D) $2,090

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