Ivanhoe Company has the following accounts in its general ledger at July 31: Accounts Receivable $43,200 and Allowance for Doubtful Accounts $2,700. During October, the following transactions occurred. Oct. 15 Sold $17,000 of accounts receivable to Nelson Factors, Inc. who assesses a 4% finance charge. Made sales of $1,000 on VISA credit cards. The credit card service charge is 3%. 25 Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Oct. 15 Oct. 25 V Account Titles and Explanation Cash Service Charge Expense Accounts Receivable Debit Credit

Ivanhoe Company has the following accounts in its general ledger at July 31 : Accounts Receivable $43.200 and Allowance for Doubtful Accounts $2,700. During October, the following transactions occurred. Oct. 15 Sold $17,000 of accounts recelvable to Nelson Factors, Inc who assesses a 4% finance charge. 25 Made sales of $1,000 on VISA credit cards. The credit card service charge is 3% Journalize the transactions. (Credit account titles are autematically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem List all debit entries before credit entries)