Marigold Furniture factors $520000 of receivables to Bramble Factors, Inc. Bramble Factors assesses a 4%...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Marigold Furniture factors $ of receivables to Bramble Factors, Inc. Bramble Factors assesses a service charge on the amount of receivables sold. Marigold Furniture factors its receivables regularly with Bramble Factors. What journal entry doesMarigold make when factoring these receivables?
Marigold Furniture factors $ of receivables to Bramble Factors, Inc. Bramble Factors assesses a service charge on the amount of receivables sold. Marigold Furniture factors its receivables regularly with Bramble Factors. What journal entry doesMarigold make when factoring these receivables?
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: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.