On march 1 2011 joe miles purchased a suit at calvins fine, Ask an Expert

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On March 1, 2011, Joe Miles purchased a suit at Calvin's Fine Apparel Store. The suit cost $250 and Joe used his Calvin credit card. Calvin charges 2% per month interest if payment on credit charges is not made within 30 days. On April 30, 2011, Joe had not yet made his payment. What entry should Calvin make on April 30th?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9968733

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