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Riverbed Inc. factors $328,000 of accounts receivable with Concord Corporation, without recourse. Concord Corporation charges a 8% finance charge to Riverbed Inc. Record the
Riverbed Inc. factors $328,000 of accounts receivable with Concord Corporation, without recourse. Concord Corporation charges a 8% finance charge to Riverbed Inc. Record the journal entry to be recorded by Riverbed Inc. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit
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