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A customer uses their Carta Vista's Sport Shop credit card to charge a treadmillat Carla Vista's Sport Shop. The price is $2900 and the financing
A customer uses their Carta Vista's Sport Shop credit card to charge a treadmillat Carla Vista's Sport Shop. The price is $2900 and the financing charge is 16% per annum if the bill is not paid in 30 days. The customer fails to pay the bill within 30 days and interest is added to the customer's account. The accounts affected by the journal entry made by Carla Vista's Sport Shop to record the interest are O Accounts Receivable Cash Interest Receivable Credit Card Receivable Interest Payable Credit Card Receivable Interest Revenue
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