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XYZ signs $4,000,000 of its accounts receive a cal for a 32,000,000 4%, on with a bank XYZ Inc al pays a finanor charge of
XYZ signs $4,000,000 of its accounts receive a cal for a 32,000,000 4%, on with a bank XYZ Inc al pays a finanor charge of 1% of the account cable. What would be the dest expense (Finance charge) in the journal entry to mend this transaction $160,000 OA On $20,000 OC OP $80,000 $40,000 ollateral for a $2,000,000, 4%, loan with a bank, XYZ to, also pays a finance charge of 1% of the account receivable. What would be the debit to interest XYZ In sign 54,000,000 of accus receivables expense (Finance charge) in the journal entry to recond this transaction? OA OB D. $160,000 $30,000 $80.000 540,000
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