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Marigold Furniture factors $ 5 2 0 0 0 0 of receivables to Bramble Factors, Inc. Bramble Factors assesses a 4 % service charge on
Marigold Furniture factors $ of receivables to Bramble Factors, Inc. Bramble Factors assesses a service charge on the amount of receivables sold. Marigold Furniture factors its receivables regularly with Bramble Factors. What journal entry doesMarigold make when factoring these receivables?
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Accounting And Finance For Non Finance Managers
Authors: Jai Kumar Batra
1st Edition
9352806964, 978-9352806966
