On March 3 Virtual Appliances sells $900,000 of its receivables to Fundamental Factors Inc. Fundamental Factors Inc.

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On March 3 Virtual Appliances sells $900,000 of its receivables to Fundamental Factors Inc. Fundamental Factors Inc. assesses a finance charge of 4% of the amount of receivables sold.

Instructions Prepare the entry on Virtual Appliances’ books to record the sale of the receivables.

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471347743

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 25, 2024 02:04 AM

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On March 3 Virtual Appliances sells $900,000 of its receivables to Fundamental Factors Inc. Fundamental Factors Inc.

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Financial Accounting Tools For Business Decision Making

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