How much interest revenue will the company recognize


On December 1, 2013, Davenport Company sold merchandise to a customer for $20,000. In payment for the merchandise, the customer signed a 6% note requiring the payment of interest and principal on March 1, 2014. How much interest revenue will the company recognize during 2013 and 2014?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: How much interest revenue will the company recognize
Reference No:- TGS0692794

Expected delivery within 24 Hours