Acustomer charges a treadmill at annie's sport shop. the price is $4,000 and the financing charge is 9% per annum if the bill is not paid in 30 days. the customer fails to pay the bill within 30 days and a finance charge is added to the customer's account. the accounts affected by the journal entry made by annie's sport shop to record the finance charge are

$29.59 ≈ $30

Explanation:

Data provided in the question:

Charges for treadmill = $4,000

Financing charges = 9% per annum

number of days in the billing cycle = 30

Now,

The customer fails to pay the charges within the 30 days

therefore,

The financing charges for 30 days will be

= ( Amount × Financing charges × number of days in the billing cycle) ÷ 365

=  ( $4,000× 0.09 × 30 ) ÷ 365

= $29.59 ≈ $30

answer a is correct answer

c

explanation: