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  3. 5. a co, assigned $100,000 of account receivables

5. A Co, assigned $100,000 of account receivables for a service lee of S500 and...

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Question

Accounting

5. A Co, assigned $100,000 of account receivables for a service

lee of S500 and

70% advance. Journalize the transaction.

6. B Co wrote off $10,000 of account receivables using the

allowance method.

Journalize the transaction.

7. C Co. factored $200,000 of account receivables for 90% of

value and a 10%

commission. Journalize the transaction.

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