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need help writing journal entries The controller tor Bridgeport Corporation hus reached an agreement with Sarasota financing Ltit to sell a large portion of total
need help writing journal entries
The controller tor Bridgeport Corporation hus reached an agreement with Sarasota financing Ltit to sell a large portion of total recelvables balance as a firuncing fee, and will withold an initial amount of as. The transaction is treated as a wale (a) Prepare the journal entry on the books of Bridgeport Corporation to record the sale of recelvables to Sarasota Financing Ltd (Credit occount titles are outomatically indented when the amount is entered. Do not indent manually if no entry is required, select "No Entry for the accosint titles and enter O for the amounts. List all debit entries before credit entries) Step by Step Solution
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