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A company sells $753000 of accounts receivable to a factor for cash, incurring a 3% service charge. The entry to record the sale should not
A company sells $753000 of accounts receivable to a factor for cash, incurring a 3% service charge. The entry to record the sale should not include a O debit to Cash for $730410. O debit to Service Charge Expense for $22590. O credit to Accounts Receivable for $753000. O debit to Interest Expense for $22590
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