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Jacyne Co. factors $800,000 of receivables to Shinchan Factors on 29 Nov, 2021. Shinchan Factors assesses a service charge of 2% of the amount of

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Jacyne Co. factors $800,000 of receivables to Shinchan Factors on 29 Nov, 2021. Shinchan Factors assesses a service charge of 2% of the amount of receivables sold. Prepare the journal entry to record the sale by Jacyne Co

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