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(Transfer of Receivables with Guarantee) Bryant Inc. factors receivables with a carrying amount of $200000 to Warren Company for $190000 and guarantees all credit losses.

(Transfer of Receivables with Guarantee) Bryant Inc. factors receivables with a carrying amount of $200000 to Warren Company for $190000 and guarantees all credit losses.

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Prepare the appropriate journal entry to record this transaction on the books of Bryant Inc.

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