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Prepare the following 3 journal entries for Aspen Co . : # 1 Aspen Co . assigned $ 6 , 0 0 0 of accounts
Prepare the following journal entries for Aspen Co:
# Aspen Co assigned $ of accounts receivable to Friendly Finance as security for a $ loan. Friendly charged a commission on the accounts; the interest rate on the note is
# During the first month, Aspen collected $ on assigned accounts.
# The next day, Aspen made a payment on the note based on the above accounts receivable collections. Record payment of the note and interest
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