Business, 02.08.2021 08:50 robert7248

A customer charges a treadmill at Sports Equipment Shop. The price is $4,000 and the financing charge is 8% per annum if the bill is not paid in 30 days. The customer fails to pay the bill within
30 days and a finance charge is added to the customer's account. The accounts affected by the
journal entry made by Sports Equipment Shop to record the finance charge are
Select one:
o a. Accounts Receivable
Cash
O b
b. Accounts Receivable
Interest Revenue
c. The answer does not exist
оо
O d. Accounts Receivable
Interest Payable
O e. Cash
Finance Receivable

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A customer charges a treadmill at Sports Equipment Shop. The price is $4,000 and the financing char...

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