Crown Ltd sells furniture on 12 months' interest free terms to qualifying customers. On 30 June 2019, Crown Ltd sells $20 000 of furniture to Ms Smith, payable by 30 June 2020. The appropriate interest rate for this transaction is determined to be 6% per annum. The present value of the $20 000 to be received in one year's time is $18 868. The journal entry to be recorded by Crown Ltd at 30 June 2019 is: Select one: Dr Receivable $20,000 Cr Sales revenue $18,868 Cr Interest revenue $1,132 Dr Bank $20,000 Cr Receivable $20,000 None of these Dr Receivable $20,000 Cr Sales revenue $18,868 Cr Deferred interest $1,132 Dr Receivable $20,000 Cr Sales revenue $20,000 Clear my choice Skip Quiz navigation Quiz navigation InformationiQuestion1Question2Question3Question4Question5Question6Question7Question8Question9This pageQuestion10Question11Question12Question13Question14Question15Question16Question17Question18Question19Question20InformationiQuestion21Question22 Finish attempt ... Time left 1:01:50 Kaplan Business School Pty Ltd. ABN 86