On December 1, 2017, Parsons, Inc sold machinery to a customer for $23,000
The customer could not pay at the time of sale, but agreed to pay 9 months later, and signed an 9-month note at 12% interest. How much interest revenue was earned during 2017? (Round your answer to the nearest dollar.)
A) $260
B) $230
C) $1,840
D) $2,070
B .($23,000 x 9%) x 1/12 = $230
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