On December 1, 2017, Going Places, Inc sold machinery to a customer for $22,000
The customer could not pay at the time of sale but agreed to pay 10 months later and signed an 10-month note at 9% interest. What was the total amount of cash collected by Going Places on the maturity of the note? (Round your answer to the nearest dollar.)
A) $23,980
B) $23,650
C) $20,350
D) $1,650
B .$22,000 + [(22,000 x 9%) x 10/12] = $23,650
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