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QS 7-18 (Algo) Factoring receivables LO C3 Record the sale by Balus Company of $143,000 In accounts receivable on May 1. Balus is charged a

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QS 7-18 (Algo) Factoring receivables LO C3 Record the sale by Balus Company of $143,000 In accounts receivable on May 1. Balus is charged a 4.00% factoring fee. View transaction list Journal entry worksheet 1 Record the sale of receivable. Note: Enter debits before credits General Journal Date May 01 Debit Credit Record entry Clear entry View general journal

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