Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 22650 and 24500 are both wrong... bramble inc,

22650 and 24500 are both wrong... Bramble inc, factors receivables with...

90.2K

Verified Solution

Question

Accounting

22650 and 24500 are both wrong...
image
Bramble inc, factors receivables with a carrying amount of $202,200 to Joffrey Company for $177,700 on a with recourse basis. The recourse provision has a fair value of $1,850. This transaction should be recorded as a sale. Prepare the appropriate journal entry to record this transaction on the books of Bramble Inc. (If nio entry is required, select "No Entry" for the account tities and enter 0 for the amounts, Credit account titles are outomotically indented when the amount is entered. Do not indent manually, List all debit entries before credit entries.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

For 300 trading​ days, the daily closing price of a stock​ (in $) is well modeled...

Basic Math
Q

Visit the NASDAQ historical prices weblink. First, set the date range to be for exactly 1...

Statistics
Q

TWO PARTS PROBLEM PART 1)  Statement of the Assignment: Please prepare a comprehensive list of financial ratios . Write a...

Finance
Q

8 lb of chicken plus 1 lb for each guest Express the relationship between the...

Algebra
Q

Carter Company reported the following financial numbers for one of its divisions for the year;...

Accounting
Q

E7A. Given the following transactions engaged in by Fournier Company, prepare journal entries and, assuming...

Accounting
Q

A report on the effectiveness of internal control over financial reporting as required by Section...

Accounting
Q

Diaz Company was organized on January 1. During the first year of operations, the following...

Accounting
Q

Contrast partnership from a limited liability company. (20 marks)

Accounting
Q

On January 1,2024, Jasperse Corporation leased equipment under a finance lease designed to earn the...

Accounting
Q

Financial information related to Organic Products Company for the month ended June 30, 20Y9, is...

Accounting
Q

how do i re-arrange the formula to isolate and solve for ibe? Pf= Po...

Finance