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QUESTION 10 (SHOW YOUR COMPUTATION) Download the Sun Inc. factors 2,000,000 of its accounts receivables with guarantee (recourse) for a finance charge of 3%. The

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QUESTION 10 (SHOW YOUR COMPUTATION) Download the Sun Inc. factors 2,000,000 of its accounts receivables with guarantee (recourse) for a finance charge of 3%. The finance company retains an amount equal to 10% of the accounts receivable for possible adjustments. Prepare the journal entry 7 points

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