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HOMEWORK 8- CHAPTER 8 Question 7 of 15 -1 View Policies Current...

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Accounting

HOMEWORK 8- CHAPTER 8
Question 7 of 15
-1
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Current Attempt in Progress
On March 3, Blossom Appliances sells $650,500 of its receivables to Western Factors Inc. Western Factors Inc. assesses a service charge of 5% of the amount of receivables sold.
Prepare the entry on Blossom Appliances' books to record the sale of the receivables. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Date Account Titles and Explanation
Debit
Credit
Mar. 3
eTextbook and Media
List of Accounts
Attempts: 0 of 3 used
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