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What entry should Waterway make on April

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Question - On March 1, 2020, Mike Dials purchased a suit at Waterway's Fine Apparel Store. The suit cost $1500 and Mike used his Waterway's credit card. Waterway's charges 3% per month interest if payment on credit charges is not made within 30 days. On April 30, 2020, Mike had not yet made his payment. What entry should Waterway's make on April 30th?

Reference no: EM133092809

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