1- The journal entry in the sellers books to record an account deemed uncollectible in a factoring agreement with recourse would include a

	debit to Bad Debt Expense
	debit to Allowance for Uncollectible Accounts
	debit to Accounts Receivable
	None of the above

2- The journal entry in the buyers books to record the honoring by the seller of an account deemed uncollectible in a factoring

agreement with recourse would include a

	debit to Bad Debt Expense
	debit to Allowance for Uncollectible Accounts
	debit to Cash
	debit to Loss on Factoring Agreement