Question
0 Question 3 1. Light Company sold $39,000 of accounts receivable to Fast Factors, Inc. who assesses a 3.5% finance charge. 2. Smart Company
0 Question 3 1. Light Company sold $39,000 of accounts receivable to Fast Factors, Inc. who assesses a 3.5% finance charge. 2. Smart Company made sales of $950 on Visa credit cards. The credit card service charge is 2%. Prepare the journal entry to record transaction 1 and transaction 2. 12 pts
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
