Megamart Ltd sells furniture on 12 months' interest free terms to qualifying customers. On 30 June 2023, Megamart sells $33,000 of furniture to Harvey, payable by 30 June 2024. The appropriate interest rate for this transaction is determined to be 10% per annum. What is the journal entry to be recorded by Megamart at 30 June 2023?

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At 30 June 2023 Megamart Ltd records the sale of furniture to Har... View the full answer