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QS 7-17 (Algo) Factoring receivables LO C3 Record the sale by Balus Company of $131,000 in accounts receivable on May 1 Balus is charged a

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QS 7-17 (Algo) Factoring receivables LO C3 Record the sale by Balus Company of $131,000 in accounts receivable on May 1 Balus is charged a 3.00% factoring fee View transaction list View journal entry worksheet General Journal Credit No 1 Date May 01 Debit 3.930 Factoring for expense

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