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NVIVO Trail Corporation transferred $59,000 of accounts receivable to local bank. The transfer was made without recourte. The local bank remis 80% of the factored
NVIVO Trail Corporation transferred $59,000 of accounts receivable to local bank. The transfer was made without recourte. The local bank remis 80% of the factored amount to Trel and retain the remaining 20%. When the bank collects the receivables, it will remit to Trell the retained amountless a fee equal to of the total amount factored. Trell estimates a value of its 20interest in the receivables of $12.500 not including the foo). Tre will show an amount receivable from factor of $10.730 $10,030. $12.500 $11.800
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