jadenpmoore2008
18.03.2021 •
Business
Concord Incorporated factored $126,900 of accounts receivable with Marigold Factors Inc. on a without-recourse basis. Marigold assesses a 2% finance charge of the amount of accounts receivable and retains an amount equal to 5% of accounts receivable for possible adjustments. Prepare the journal entry for Concord Incorporated and Marigold Factors to record the factoring of the accounts receivable to Marigold
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Ответ:
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Explanation:
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