On December 1, 2015, Parsons Inc

question 71

Multiple Choice

On December 1, 2015, Parsons Inc. sold machinery to a customer for $20,000. The customer could not pay at the time of sale, but agreed to pay 9 months later, and signed a 9-month note at 9% interest. How much interest revenue was earned during the year 2015?

• A)$180
• B)$150
• C)$200
• D)$900