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Prepare the necessary journal entry for the following transaction. Ivanhoe Company sold $232,200 of its accounts receivables to a factor. The factor charges a
Prepare the necessary journal entry for the following transaction. Ivanhoe Company sold $232,200 of its accounts receivables to a factor. The factor charges a 3% fee. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entry before credit entry.) Account Titles and Explanation Debit Credit
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
1st edition
1111822360, 978-1337116619, 1337116610, 978-1111822378, 1111822379, 978-1111822361
