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BD Rainey Company has the following accounts in its general ledger at July 31; Accounts Receivable $40.000 and Allowance for Doubtful Accounts $2.500. During August,

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BD Rainey Company has the following accounts in its general ledger at July 31; Accounts Receivable $40.000 and Allowance for Doubtful Accounts $2.500. During August, the following transactions occurred, Oct. 15 Sold $10.000 of accounts receivable to Good Factors, Inc, who assesses a 3% finance charge 25 Made sales of $700 on VISA credit cards. The credit card service charge ts 2%. Instructions Journalize the transactions 2 13 20 93 61

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