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QUESTION 8 On June 15, 2020, Danner Corp. sold accounts receivable of $257,000 to a factor with no recourse. The factor charges a 4% factoring

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QUESTION 8 On June 15, 2020, Danner Corp. sold accounts receivable of $257,000 to a factor with no recourse. The factor charges a 4% factoring fee. On June 15, 2020, Danner should record a journal entry to record the sale if the accounts receivable to the factor? True False

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