How much interest would be recorded for year ending december

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Equestrain Roads sold $80,000 of goods and accepted the customer's $80,000 10% 1-year note payable in exchange. Assuming 10% approximates the market rate of return, how much interest would be recorded for the year ending December 31 if the sale was made on June 30?

Reference no: EM13139952

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How much interest would be recorded for year ending december : Assuming 10% approximates the market rate of return, how much interest would be recorded for the year ending December 31 if the sale was made on June 30?

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