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B. SALE OF ACCOUNTS RECEIVABLE Instructions: Present the journal entries speci?ed below. (1) Price Company sells $400,000 of accounts receivable to National Factors, Inc. for

B. SALE OF ACCOUNTS RECEIVABLE Instructions: Present the journal entries speci?ed below. (1) Price Company sells $400,000 of accounts receivable to National Factors, Inc. for cash less a 2.5% servic...

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