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A company sells $400,000 of accounts receivable to a factor for cash less a 2% service charge. The entry to record the sale Should NOT
A company sells $400,000 of accounts receivable to a factor for cash less a 2% service charge. The entry to record the sale Should NOT include a
Debit to Interest Expense for $8,000
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Financial Accounting Version 3.1
Authors: Joe Ben Hoyle, C.J. Skender, Leah Kratz
1st Edition
1453339442, 9781453339442
