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George charges some clothes at Francois Emil Clothiers using a Francois Emil Clothier's credit card. The price of the clothes is $800 and the finance
George charges some clothes at Francois Emil Clothiers using a Francois Emil Clothier's credit card. The price of the clothes is $800 and the finance charge is 2% per month if the bill is not paid in full within 30 days. George fails to pay the bill in 30 days and a finance charge is added to his account. The entry to record the finance charge by Francois Emil Clothiers would : Select one: a. Credit Sales Revenue $16 b. None of these C. Credit Interest Revenue $16 d Debit Accounts Receivable $800 X e Debit Accounts Receivable $2.00 25PUM
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