Business, 16.12.2019 20:31, lbbeanss

On january 1, 2018, glanville company sold goods to otter corporation. otter signed an installment note requiring payment of $15,000 annually for six years.
the first payment was made on january 1, 2018.
the prevailing rate of interest for this type of note at date of issuance was 8%.glanville should record sales revenue in january 2018 of: (a) $74,891.
(b) $69,343.(c) $90,000.(d) none of these answer choices are correct.

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On january 1, 2018, glanville company sold goods to otter corporation. otter signed an installment n...