What be the amount on the sellers statement of adjustment


Question: Blackacre, a revenue producing property, has been sold. The date of adjustment will be January 31, 2011, exactly 18 months after the contract of purchase and sale was signed and a deposit of $3,500 was paid directly to the seller. If interest on this deposit accrues for the benefit of the buyer, 6% per annum, compounded annually, what will be the amount shown on the seller's statement of adjustment? Group of answer choices $3,815.00 debit $3,819.68 debit $3,815.00 credit $3,819.68 credit

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Accounting Basics: What be the amount on the sellers statement of adjustment
Reference No:- TGS03427019

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