Question: EA-10.Stat eBook & Print Question Partially correct Mark 1.00 out of 2.00 P Flag question Rex Corporation accepted a $10,000, 5% interest bearing note from

EA-10.Stat eBook & Print Question Partially correct Mark 1.00 out of

EA-10.Stat eBook & Print Question Partially correct Mark 1.00 out of 2.00 P Flag question Rex Corporation accepted a $10,000, 5% interest bearing note from Brooks Inc. on December 1, 2018 in exchange for machinery with a list sales price of $9,500. The note is payable on December 1, 2021. If the prevailing interest rate is 8%, what revenues should Rex report in its income statement for the year ended December 31, 2018? Use Excel or a financial calculator for the computations. Do not round until final answers. Round answers to the nearest dollar. Sales revenue $ 9,227 X Interest income $ 61 Check Partially correct Marks for this submission: 1.00/2.00. Previous A Save Answers Finish attempt

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