5. A Co, assigned $100,000 of account receivables for a service

lee of S500 and

70% advance. Journalize the transaction.

6. B Co wrote off $10,000 of account receivables using the

allowance method.

Journalize the transaction.

7. C Co. factored $200,000 of account receivables for 90% of

value and a 10%

commission. Journalize the transaction.