A Company makes a credit card sale to a customer for $250. The credit card...
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Accounting
A Company makes a credit card sale to a customer for $250. The credit card sale has a grace period of 30 days and then an interest charge of 1.5% per month is added to the balance. If the paid amount on the above sale is $150 at the end of the grace period, the balance in account receivable for this customer assuming there are no other transactions is :
A) $100.00 B) $101.50 C) $102.25 D) $251.50
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