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Question 12 XYZ Inc. assigns $4,000,000 of its accounts receivables as collateral for Question 12 of 12 1 points a $2,000,000, 4%, loan with
Question 12 XYZ Inc. assigns $4,000,000 of its accounts receivables as collateral for Question 12 of 12 1 points a $2,000,000, 4%, loan with a bank XYZ Inc also pays a finance charge of 1% of the accountable. What would be the debit to interest expense Finance charge) in the journal entry to record this transaction OA $20,000 $40,000 OB. OC $80,000 OP. $160,000
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