On August 31, 2005, Andrews Company sold merchandise to Hudson Company in the amount of $12,000.

/in /by

23. On August 31, 2005, Andrews Company sold merchandise to Hudson Company in the amount of $12,000. Hudson signed a note promising to pay Andrews in nine months along with interest (at an annual rate of 18%). On December 31, Andrews adjusted its books for year end reporting. How much interest revenue has been earned by Andrews in 2005?

"Get 15% discount on your first 3 orders with us"
Use the following coupon
FIRST15

Order Now