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Factoring Blair Finance factors the accounts of the Holder Company. All eight factored accounts are shown in the following table, , with the amount factored,
Factoring Blair Finance factors the accounts of the Holder Company. All eight factored accounts are shown in the following table, , with the amount factored, the date due, and the status on May 30, indicate the amounts that Blair should have remitted to Holder as of May 30 and the dates of those remittances. Assume that the factors commission of 3% is deducted as part of determining the amount of the remittance. As of May 30, what amount should Blair have remitted for Account A and on what date should remittance have occurred? (Round to the nearest dollar and select from the drop-down menus.) Date remitted Account Date due Status on May 30 Amount remittedMonth Date Amount A $700,000 May 30 Collected May 22 679,000 May May B 5320, 119 May 30 Uncollected 30
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