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Question 36 ( 3 points): Reema Furniture factors $200,000 of receivables to Croton Factors. Croton charges a service commission of 2% of the accounts receivable

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Question 36 ( 3 points): Reema Furniture factors $200,000 of receivables to Croton Factors. Croton charges a service commission of 2% of the accounts receivable sold. Record the journal entry for Reema Furniture for the sale of the receivables. Answer: Debit: Debit: Credit

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