92. Digitex Inc. factored $50,000 of its accounts receivable with recourse. The factor retained 8% for sales

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92. Digitex Inc. factored $50,000 of its accounts receivable with recourse. The factor retained 8% for sales adjustments and charged $3,000 as a nancing fee. Estimated and actual amounts are as follows: Sales adjustments $2,500 Uncollectible accounts 500 Assume the transfer is recorded as a loan by Digitex. What is Digitex's net liability balance immediately following the transfer? A. $47,0 00 B. $50,0 00 C. $46,0 00 D.$43,0 00

Posted Date: Jun 22, 2024 06:07 AM

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92. Digitex Inc. factored $50,000 of its accounts receivable with recourse. The factor retained 8% for sales

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