FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Oliver Furniture factor $600.000 of receivables to Kwik Factors Inc, Kwk factors on a 2 service charge on the amount of receivables sold. Over Furniture

image text in transcribed
Oliver Furniture factor $600.000 of receivables to Kwik Factors Inc, Kwk factors on a 2 service charge on the amount of receivables sold. Over Furniture factors its rocavables rogutany win wic Foctor What journal entry does Olver more when factoring these recolvable! Select one Cat Lam on Sainot Receivables Accounts Receivable 588.000 12.000 600.000 Coth 5000 SABO Account Rocolvable Account Recorate 18.00 12.000 SO 588000 12.000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Quality Auditing

Advanced Quality Auditing

Authors: Lance B. Coleman

1st Edition

087389913X, 978-0873899130

More Books

Students also viewed these Accounting questions

Question

★★★★★
A simple beam of length carries L = 5m a uniform load of intensity q = 5.8 kN/m and a concentrated load 22.5kN (see figure). Assuming Ïallow, calculate the required section modulus S. Then...

Answered: 1 week ago

Question

★★★★★
Find the schedule for the problem in question-8 using Palmer's heuristic. AppendixLO1

Answered: 1 week ago

Question

★★★★★
9.71 Breaking Strengths of Cables A test of the breaking strengths of two different types of cables was conducted using samples of n = n = 100 pieces of each type of cable. Do the data provide...

Answered: 1 week ago

Question

★★★★★
Anderson acquires 10 percent of the outstanding voting shares of Barringer on January 1, 2011, for $96,620 and categorizes the investment as an available-for-sale security. An additional 20 percent...

Answered: 1 week ago

Question

★★★★★
Wi - Fi networks found in homes and public hotspots use the IEEE 2 0 1 . 8 8 standards. True False

Answered: 1 week ago

Question

★★★★★
Based on the information of " 1997 - Delgamuukw Case " answer three questions. 1. Explain the effects on the Balance Sheet and Income Statement of the decision property rights change and the routine...

Answered: 1 week ago

Question

★★★★★
Detailed note on the contributions of F.W.Taylor

Answered: 1 week ago

Question

★★★★★
Discuss briefly about S N 1 (CB) mechanism for the reaction: [Co(en) 2 NH 3 Cl] 2+ + OH - ? [Co(en) 2 NH 3 OH] 2+ + Cl -

Answered: 1 week ago

Question

★★★★★
Write a Python program to count the vowels present in a given input string. Explain the output of the program .

Answered: 1 week ago

Question

★★★★★
Describe the Python program to implement selection sort. Simulate your code on the following data: 2,52,1,5,2,54,62,64

Answered: 1 week ago

Question

★★★★★
Write and explain an algorithm through python code to generate prime numbers.

Answered: 1 week ago

Question

★★★★★
=+1. Define each of these terms: vision, mission, strategy, and tactics. What is the relationship among them in relation to a firms strategy planning process?

Answered: 1 week ago

Question

★★★★★
=+Does it make sense for an oil firm to donate money to the same group because it perceives climate change as a threat to its business model and wants to mitigate that threat by investigating...

Answered: 1 week ago

Question

★★★★★
=+Does it make sense for a large financial firm to donate money to a group researching the effects of climate change because the CEO believes this is an important issue?

Answered: 1 week ago

Previous Question Next Question