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On April 1, 2020, DOS Company sold $20,000 accounts receivable to PS2 Finance Company to obtain imme- diate cash. The related allowance for doubtful accounts

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On April 1, 2020, DOS Company sold $20,000 accounts receivable to PS2 Finance Company to obtain imme- diate cash. The related allowance for doubtful accounts was $800. The financial agreement specified a price of $17,000 on a with-recourse basis. DOS estimated a $400 recourse liability. Required Prepare the journal entry for DOS Company to sell the accounts receivable

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