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On May 1, 2019, MNO Company sells (factors) $1,000,000 of receivables to BCD Factors, Inc. BCD assesses a service charge of 5% of the amount

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On May 1, 2019, MNO Company sells (factors) $1,000,000 of receivables to BCD Factors, Inc. BCD assesses a service charge of 5% of the amount of receivables sold. Prepare MNO's journal entry: HTML Editora BIU A IX E Ex? vx TTT 12pt HH WP Paragraph

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