Question: please help , I need the answer very fast without explain A Moving to another question will save this response. Question 11 XYZ Inc. assigns

please help , I need the answer very fast without explain
please help , I need the answer very fast without explain A
Moving to another question will save this response. Question 11 XYZ Inc.

A Moving to another question will save this response. Question 11 XYZ Inc. assigns $4,000,000 of its accounts receivables as collateral for a $2,000,000, 4% loan with a bank. XYZ Inc also pa debit to interest expense (Finance charge) in the journal entry to record this transaction? OA $40,000 OB. $160,000 c. $80,000 D. $20,000 Moving to another question will save this response. Question 11 of 12 Sverwe 1 points ateral for a $2,000,000, 4% loan with a bank. XYZ Inc. also pays a finance charge of 1% of the account receivable What would be the record this transaction? Question 11 of 12 DOLL

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