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Seifert Company sold merchandise to a customer on December 1, 2019 for $100,000. The transaction resulted...

Seifert Company sold merchandise to a customer on December 1, 2019 for $100,000. The transaction resulted in recording a notes receivable with a term of 6 months and an annual interest rate of 9%. The company's accounting period ends on December 31, 2019. What amount should Seifert Company recognize as interest revenue on December 31, 2019?
  • A. $0
  • B. $750
  • C. $1,500
  • D. $9,000
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