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Question 7 1 points XYZ Inc, a 5,000,000 ofis accounts receivable m collateral for a $3,000,000, 5% lors with a bank XYZ Inc, ho pays

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Question 7 1 points XYZ Inc, a 5,000,000 ofis accounts receivable m collateral for a $3,000,000, 5% lors with a bank XYZ Inc, ho pays a finance charge of 2 of the account receivable. What would be the debit to cash in the journal entry to record this traction? $2,700,000 OR SO50,000 oc 52,880,000 00 52,940,000

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