Exam (elaborations)
Accounting 3 UPDATED Exam Questions and CORRECT Answers
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A customer changes a treadmill at Annie's Sport Shop. The price is $4,000 and the financing charge is 6% 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. What is the amount of the finance charge?$20 A customer charges a treadmill at Annie's Sport Shop. The price is $4,000 and the financing charge is 9% 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 Annie's Sport Shop to record the finance charge areAccounts Receivable Interest Revenue
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Institution
Accounting 3
Course
Accounting 3
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- May 6, 2024
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- Written in
- 2023/2024
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- Exam (elaborations)
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