CHAPTER 15 Current Liabilities Management P15-19 Factoring Blair Finance factors the accounts of the Holder Company. All eight fac 665 tored accounts are shown in the following table, with the amount factored, the date due, and the status on to Holder as of May 30 and the dates of those remittances. Assume that the factor's May 30. Indicate the amounts that Blair should have remitted commission of 2% is deducted as part of determining the amount of the remittance. Account Amount Date due Status on May 30 A $200,000 May 30 Collected May 15 B 90,000 May 30 Uncollected C 110,000 May 30 Uncollected D 85,000 June 15 Collected May 30 May 30 June 15 Collected May 27 Collected May 30 120,000 F 180,000 90,000 May 15 Uncollected G 30,000 June 30 Collected May 30