On january 10, molly amise uses her blossom company credit card to purchase merchandise from blossom company for $1,900. on february 10, molly is billed for the amount due of $1,900. on february 12, molly pays $1,000 on the balance due. on march 10, molly is billed for the amount due, including interest at 2% per month on the unpaid balance as of february 12. prepare entries for recognizing accounts receivable.

Please see explanation below

Explanation:

Interest revenue to be recorded on March 10 .

Interest rate = 2% per month

Unpaid balance as of February 12 = $900

Interest revenue = $900 x 2% = $18

The journal entry to be prepared on March 10 :

DateAccount Titles and ExplanationDebitCredit

Mar. 10Accounts Receivable$18(Debit)  

                Interest Revenue                                      $18(Credit)

answer: most likely c

explanation:

answer; a set of mutual funds with similar risk characteristics to your mutual fund;