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-   -   Accounts receivable of $12000 (gross) are factored with Rothchild Credit Corp. Withou (https://www.askmehelpdesk.com/showthread.php?t=440552)

  • Jan 29, 2010, 05:22 AM
    fatin syafiqa
    Accounts receivable of $12000 (gross) are factored with Rothchild Credit Corp. withou
    Accounts receivable of $12000 (gross) are factored with Rothchild Credit Corp. without recourse at a financing charge of 9%.Cash is received for the proceeds; collections are handled by the financing company. (These accounts were all past the discount period).
    Prepare the necessary entries in general journal).
  • Jan 29, 2010, 05:28 AM
    Curlyben
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: https://www.askmehelpdesk.com/financ...-b-u-font.html

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