Bramble Company charges 26% interest on all unpaid Bramble's credit card transactions beyond 30 das,...
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Accounting
Bramble Company charges 26% interest on all unpaid Bramble's credit card transactions beyond 30 das, On September 30 Crane had a balance owing of $8400 on the credit card that was now past due. What adjusting entry would be recorded by Bramble on September 30 for Crane's unpaid balance? (Use 365 doys for colculation) Debit to Credit Card Receivable and credit to Interest Revenue for $179.51 Debit to Credit Card Receivable and a credit to Sales for $8400. Debit to Accounts Receivable and credit to Sales for $8400. Debit to Accounts Receivable and credit to Interest Revenue for $179.51
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