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On March 3, Kitselman Appliances sells $ 695,700 of its receivables to Wildhorse Inc. Wildhorse assesses a finance charge of 1% of the amount of

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On March 3, Kitselman Appliances sells $ 695,700 of its receivables to Wildhorse Inc. Wildhorse assesses a finance charge of 1% of the amount of receivables sold. Prepare the entry on Kitselman Appliances' books to record the sale of the receivables. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles Debit Credit Mar. 3

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