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8 On July 1, Star Company bitoned S600.000 of accounts receivable with Pin Fioring on a without recourse basis. Cer discounts, and absorbs the credit

8 On July 1, Star Company bitoned S600.000 of accounts receivable with Pin Fioring on a without recourse basis. Cer discounts, and absorbs the credit losses, Pet Financing assessed a finasce sharge of 7 of the stal seccable f Required: Prepare the journal entry required co Prett Financing on July 1 Ame Star Company factors the $600,000 of accosts eivable with Prett Financing with recourse basic typed pany's back on July 1. For the toolbar, press ALT+F10 (PC) or ALT-N-12 (Mac EYAY Question On July 1, Star Company factored 5000,000 of accounts receivable with Pret Facing on a without recourse basis disconors, and absorbs the credit losses Prent Finsing seed a finance charge of Meet the tal acce Required: Prepare the journal entry required co Prett Financing only 1. Assume Star Company factors the $600,000 of accounts receivable with Prett Financing with recourse basic redy'skily For the toolbar, press ALT-E 10 (PC) or AL TN-10 Ma BIVS Paragraph Al Moving to another question will save this response ASUS ROL NG

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