Question: Hello, Can somebodyexplain me why my answer is incorrect? Thanks, TA should be reported in the first year is: On November 1, Jasper Company loaned

Hello,

Can somebodyexplain me why my answer is incorrect?

Thanks,

Hello, Can somebodyexplain me why my answer is

should be reported in the first year is: On November 1, Jasper Company loaned another company $100,000 at a 6.0% interest rate. The note receivable plus interest will not be collected until March 1 of the following year. The company's annual accounting period ends on December 31. The amount of interest revenue that Multiple Choice O $0. $6,000. X O $5,000. O $16,667. $1,000

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