On May 1, Kingston Company received a $6,000, 10%, four-month note receivable. The cash to be received by Kingston Company when the note becomes due is
A. $200.
B. $6,000.
C. $6,200.
D. $6,600.
Answer: C
On May 1, Kingston Company received a $6,000, 10%, four-month note receivable. The cash to be received by Kingston Company when the note becomes due is
A. $200.
B. $6,000.
C. $6,200.
D. $6,600.
Answer: C