Which of the following statements about extending credit is not correct? Multiple Choice O It is common for companies to sell on account to other companies. O Bad debts arise from credit sales to individual consumers, but not from credit sales to other companies O Some companies extend credit to individual consumers. O When credit is available, customers often buy more products and services On March 1, Cents, Inc. lent $1,000 to an employee at a rate of 6% for 3 months. The entry to record the loan of $1,000 to its employee includes a: Multiple Choice O debit to Cash of $1,000. O credit to interest Revenue of $15. O O credit to Notes Receivable of $1.000. O credit to Cash of $1000, O