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a Accounts Receivable b. Cash c. Accounts Receivable d. Accounts Receivable Cash Finance Receivable Interest Payable Interest Revenue A customer charges a treadmill at Annie's
a Accounts Receivable b. Cash c. Accounts Receivable d. Accounts Receivable Cash Finance Receivable Interest Payable Interest Revenue A customer charges a treadmill at Annie's Sport Shop. The price is $4,000 and the financing charge is 9% per annum if the bill is not paid in 30 days. The customer fails to pay the bill within 30 days and a finance charge is added to the customer's account. The accounts affected by the journal entry made by Annie's Sport Shop to record the finance charge are
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