Tacklebox Company charges 19% interest on all unpaid Tacklebox's credit card transactions beyond 30 days. On September 30, Bass had a balance owing of $6,500 on the credit card that was now past due. What adjusting entry would be recorded by Tacklebox on September 30 for Bass's unpaid balance?   a Debit to Credit Card Receivable and credit to Interest Revenue for $102.92. b Debit to Accounts Receivable and credit to Sales for $6,500. c Debit to Accounts Receivable and credit to Interest Revenue for $102.92. d Debit to Credit Card Receivable and a credit to Sales for $6,500.

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Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.