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Texaco Oil Company issues its own credit cards. Assume that Texaco charges you $40 interest on an unpaid balance. Prepare the journal entry that Texaco

Texaco Oil Companyissues its own credit cards. Assume that Texaco charges you $40 interest on an unpaid balance.

Prepare the journal entry that Texaco makes to record this revenue.(Credit account titles are automatically indented when the amount is entered.Do not indent manually.)

Account Titles and Explanation

Debit

Credit

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