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on December 15,2018, joey INC factored $140000 of its accounts receivables to charbel INC, which fees of 3% on factored receivables. required: prepare the necessary
on December 15,2018, joey INC factored $140000 of its accounts receivables to charbel INC, which fees of 3% on factored receivables. required: prepare the necessary entry to record sale of receivables.
Problem ONE: On December 15, 2018, Joey Inc. Factored $140,000 of its accounts Receivables to Charbel Inc. which charges fees of 3% on factored receivables. Required: Prepare the necessary entry to record sale of receivables General Journal Date Account Title and Explanation Ref Debit CreditStep by Step Solution
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1st Edition
B097DCG5GS, 979-8524946072
