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6. A company factored $45,000 of its accounts receivable and was charged a 4% factoring fee. Using the T- account template below, prepare the entry

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6. A company factored $45,000 of its accounts receivable and was charged a 4% factoring fee. Using the T- account template below, prepare the entry to recognize the factoring of the receivable. No. EQUITY ASSETS Property, Plant & Equipment Investments Intangible Assets Other LIABILITIES Non- Current Current Liabilities Liabilities Contributed Capital Accumulated OCI Current Assets Eamed Capital

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