Morely Co. sells $100,000 of receivables with no recourse for 90% of face value and...
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Accounting
Morely Co sells $ of receivables with no recourse for of face value and a commission. Which of these is part of the journal entry to record this transaction? Credit accounts receivable $ Debit bad debt expense $ Credit factorning expense $ Debit cash for $ Moving to another question will save this response.
Morely Co sells $ of receivables with no recourse for of face value and a commission. Which of these is part of the journal entry to record this transaction?
Credit accounts receivable $
Debit bad debt expense $
Credit factorning expense $
Debit cash for $
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