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Sales of Accounts Recievables On April 6, Holton Company sold $108,000 of its accounts receivable to a collection agency, which charges a 2.5% factoring fee.
Sales of Accounts Recievables
On April 6, Holton Company sold $108,000 of its accounts receivable to a collection agency, which charges a 2.5% factoring fee. Record the entry on April 6
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Financial Accounting The Impact On Decision Makers
Authors: Curtis L. Norton, Gary A. Porter
6th Edition
9781439037119, 1439037116
