clover company received a note receivable from a customer for a sale. the 9 percent, 9-month note was received on may 31, 2019 for an amount of $300,000.
Determine the company’s accrued interest receivable (from this note) on its December 31, 2016 balance sheet.
A) $18,000
B) $15,750
C) $27, 000
D) $13,500
