Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on january 1, a company lends a corporate customer

On January 1, a company lends a corporate customer $192,000 at 4% interest. The amount...

70.2K

Verified Solution

Question

Accounting

On January 1, a company lends a corporate customer $192,000 at 4% interest. The amount of interest revenue that should be recorded for the quarter ending March 31 equals:

$7,680.

$2,560.

$640.

$1,920.

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

Q

State the Null Hypothesis State the Alternative Hypothesis Find the test statistic Find the critical value or values State...

Statistics
Q

Use the elimination method to find a general solution for the given linear​ system, where differentiation...

Advance Math
Q

Suppose that 25.14 g of ice at -8.7°C is placed in 69.18 g of water at...

Chemistry
Q

A fuel with a stoichiometric formula of C99H148O56N is being combusted at a rate of 1...

Mechanical Engineering
Q

Write a funtion and apply multi-var. Newton-Raphson method.

Advance Math
Q

Awooden block with a coin placed on its top Floats in water as shown in...

Physics
Q

n Posttest Points 1 Question 9 In the given right triangle A and C have...

Geometry
Q

etermine which figure shows alternate exterior angles b 3 Figure shows alternate exterior angles f

Basic Math
Q

A flagpole casts a 13-foot shadow on the ground when the sun is at a...

Basic Math
Q

9) (10 points) Fox Mulder and Dana Scully have been assigned to investigate an FBI...

Accounting
Q

Question 6(1 point) For CVP analysis calculations, which of the following statements is correct?...

Accounting
Q

Un activo est deteriorado cuando el valor en libros del activo es Seleccione uno:...

Accounting