On December 1, 2018, Atlas Company sold machinery to a customer for $24,000. The customer could not pay at the time of sale but agreed to pay 10 months later and signed a 10-month note at 9% interest. How much interest revenue was earned during 2019? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $1080
B) $2160
C) $1980
D) $1620
D) $1620
Explanation: ($24,000 × 9%) × 9/12 = $1620
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