A customer charges a treadmill at Mike's Sport Shop.The price is €2,000 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 Mike's Sport Shop to record the finance charge are

Question

A customer charges a treadmill at Mike's Sport Shop.The price is €2,000 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 Mike's Sport Shop to record the finance charge are

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The Answer of A customer charges a treadmill at Mike's Sport Shop.The price is €2,000 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 Mike's Sport Shop to record the finance charge are

A Customer Charges a Treadmill at Mike's Sport Shop