On March 3, Beachy Appliances sells $710,000 of its receivables to National Factors Inc. National Factors Inc.
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On March 3, Beachy Appliances sells $710,000 of its receivables to National Factors Inc. National Factors Inc. assesses a service charge of 4% of the amount of receivables sold.
Instructions Prepare the entry on Beachy Appliances’ books to record the sale of the receivables.
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