Business, 23.04.2021 16:20 TamB01

On April 1, 2020, DOS Company sold $60,000 accounts receivable to PS2 Finance Company to obtain immediate cash. The related allowance for doubtful accounts was $2,400. The financial agreement specified a price of $48,000 on a without-recourse basis. Prepare the journal entry for DOS Company to sell the accounts receivable.

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On April 1, 2020, DOS Company sold $60,000 accounts receivable to PS2 Finance Company to obtain imme...

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