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Delta Company factored $600,000 of accounts receivable to Epsilon Factors without guarantee. The Factor charged a finance equal to 4% of the receivables for possible
Delta Company factored $600,000 of accounts receivable to Epsilon Factors without guarantee. The Factor charged a finance equal to 4% of the receivables for possible adjustments. You are required to record the sale of the receivables ONLY in the books of Delta Company A- B I Date Accounts Dr $ Cr $ 85 Time left 2:23 4S Quz na e. The Factor charged a finance fee of 2% of the amount of the receivables and retained an amount any
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