Ivanhoe Roads accepted a customer's $101400 zero-interest-bearing six-month note in a sales transaction. The product sold normally sells for $94800. If the sale was made on June 30, how much interest revenue from this transaction would be reported for the year ending December 31? O $10140. O $3300. O $0. O $6600.

Ivanhoe Roads accepted a customer's $101400 zero-interest-bearing six-month note in a sales transaction. The product sold normally sells for $94800. If the sale was made on June 30, how much interest revenue from this transaction would be reported for the year ending December 31? O $10140. O $3300. O $0. O $6600.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 15MC: Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual...

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