Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on october 1, 2017, miller, inc. made a loan to on

On October 1, 2017, Miller, Inc. made a loan to one of its customers. The...

50.1K

Verified Solution

Question

Accounting

On October 1, 2017, Miller, Inc. made a loan to one of its customers. The customer signed a 6month note for $130,000 at 12%. How much interest revenue did the company record in 2018 for this note? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) A. $7,800 B. $3,900 C. $2,600 D. $5,200

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

Anna Freud a child psychoanalyst, is widely credited with expanding upon psychoanalytic theory by the identifying...

Advance Math
1.2K views

Block copy, and paste, the argument into the window below, and do a proof to prove...

Biology
1.2K views

Table 1 E coli Colonies on Starter Plate Size Largest mm Smallest mm Average mm...

Biology
1.2K views

wer the BMR except Starvation Malnutrition O Age Smoking

Biology
1.2K views

The evolutionary relationship among organisms is known as homoplasy homologous synapomorphy Otaxonomy phylogeny

Biology
1.2K views

OOC OOC Q information presented in this lesson which answer best completes this diagram Paved...

Geometry
1.2K views

Use the information given in the diagram to prove that m Z JGI b a...

Accounting
1.2K views

Ray, Carol, and Jack are...

Accounting
1.2K views

Question 1 Assume 007 Inc. made sales of $891.3 million during 2016. Cost...

Accounting
1.2K views

Fit-for-LIfe Foods reports the following income statement accounts for the year ended December 31. ...

Accounting
1.2K views

Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards...

Finance
1.2K views

Preferred Stock is Select one: a. stock purchase warrant O b. call feature O c....