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

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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

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

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