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On March 3, Splish Brothers Inc. sells $666,900 of its receivables to Western Factors Inc. Western Factors Inc. assesses a service charge of 5% of

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On March 3, Splish Brothers Inc. sells $666,900 of its receivables to Western Factors Inc. Western Factors Inc. assesses a service charge of 5% of the amount of receivables sold. Prepare the entry on Splish Brothers Inc books to record the sale of the receivables. (Credit account titles are automatically indentea when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 3

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