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Sheffield Inc. factors $312,000 of accounts receivable with Bramble Corporation, without recourse. Bramble Corporation charges a 9% finance charge to Sheffield Inc. Record the journal

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Sheffield Inc. factors $312,000 of accounts receivable with Bramble Corporation, without recourse. Bramble Corporation charges a 9% finance charge to Sheffield Inc. Record the journal entry to be recorded by Sheffield 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.)

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