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Business, 25.03.2020 06:00 patrickfutrell2537

Splish Furniture factors $720000 of receivables to Bramble Factors, Inc. Bramble Factors assesses a 4% service charge on the amount of receivables sold. Splish Furniture factors its receivables regularly with Bramble Factors. What journal entry does Splish make when factoring these receivables

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Splish Furniture factors $720000 of receivables to Bramble Factors, Inc. Bramble Factors assesses a...
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