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Business, 31.12.2019 01:31 constipatedcow18

On march 3, kitselman appliances sells $781,500 of its receivables to ervay factors inc. ervay factors assesses a finance charge of 1% of the amount of receivables sold. prepare the entry on kitselman appliances’ books to record the sale of the receivables.

(b) on may 10, fillmore company sold merchandise for $4,600 and accepted the customer’s america bank mastercard. america bank charges a 4% service charge for credit card sales. prepare the entry on fillmore company’s books to record the sale of merchandise

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On march 3, kitselman appliances sells $781,500 of its receivables to ervay factors inc. ervay facto...
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