Sky Company Collected $12,350 in Interest During 2013

question 84

Multiple Choice

Sky Company collected $12,350 in interest during 2013.Sky showed $1,850 in interest receivable on its December 31,2013,balance sheet and $5,300 on December 31,2012.The interest revenue on the income statement for 2013 was

• A) $3,450.
• B) $8,900.
• C) $12,350.
• D) $14,200.

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