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Jervis sells 54,900 of its accounts receivable to Northern Bank In order to obtain necessary cash Northern Bank charges a 4% factoring fee. What entry

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Jervis sells 54,900 of its accounts receivable to Northern Bank In order to obtain necessary cash Northern Bank charges a 4% factoring fee. What entry should Jervis male to record the transaction? Multiple Choice . Debt Cuth $2,936; dobe Factoring fee Bepanne $64. credt Accounts Receivable $4100 Debit Accounts fecevable $1.996 t Factoring pee perse crede ca 54:00 Dettaccounts Receivable $4900, credit factoring Fee Cepente 3164 creo CH 1996 Debt Coah 4800, credit factoring Fee Experte $168 credit Accounts Del Ch6303 cred counts Recev 52,036

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