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Company A factored $325,000 of accounts receivable with Bank B on a without-recourse basis. Bank B assesses a 2% finance charge of the amount of

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Company A factored $325,000 of accounts receivable with Bank B on a without-recourse basis. Bank B assesses a 2% finance charge of the amount of accounts receivable and retains an amount equal to 6% of accounts receivable for possible adjustments. Company A will debit Cash for $ in the journal entry to account for the transfer of receivables. (Do not include dollar sign and comma in your final answer)

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