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I need answer for No. 2, 1, 2 total 3 questions Chapter 6 Lecture Assignment (part Learning Objective 6 1. TMM.6-6 Use the above video

I need answer for No. 2, 1, 2 total 3 questions

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Chapter 6 Lecture Assignment (part Learning Objective 6 1. TMM.6-6 Use the above video link to answer the following questions. 2. TMM.6-7 1. If the transfer of receivables does not meet the conditions of a sale, it should be accounted for as a. secured borrowing. b. factoring c. a securitization. d. a sale with recourse. 2. If Gable Company sells $50,000 of its accounts receivable to a factor without recourse, receiving 90% value and paying a 10% commission, the journal entry will include a. a debit to Cash for $40,000. b. a debit to Receivable from Factor for $5,000. c. a debit to Factoring Expense for $5,000. d. all of these X 3. A retailer made $2,000 of bank credit card sales and is charged a 4% fee when depositing the receipts. Assuming it uses the gross price method of recording sales, the entry will include a. a debit to Cash for $2,000. b. a credit to Sales Revenue for $1,920. c. a debit to Credit Card Expense for $80. d. none of these Chapter 6 Lecture Assignment (part 1. TMM.6-6 Learning Objective 7 Use the above video link to answer the following questions. 2. TMM.6-7 1. Which of the following is true of a note receivable? a. A note receivable gives the holder the right to collect money on demand. b. A note receivable is not a negotiable instrument. C. A note receivable usually does not involve interest. d. None of these choices are true of a note receivable. d X 2. The journal entry for the collection of a $10,000, 90-day, 10% note receivable would include a. a debit to Cash for $10,000. b. a debit to Interest Expense for $250. c. a credit to Notes Receivable for $9,750. d. a credit to Interest Revenue for $250. d X Feedback Check My Work Incorrect

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