Ask Experts Questions for FREE Help !
Ask
    fatin syafiqa's Avatar
    fatin syafiqa Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 29, 2010, 05:22 AM
    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).
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Jan 29, 2010, 05:28 AM
    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
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Accounts receivable debit prepaid rent credit [ 1 Answers ]

Is this entry possible: Accounts Receivable xxx Prepaid Rent xxx

Accounts receivable and allowance for doubtful accounts [ 1 Answers ]

At the close of its first year of operations, December 31, 2010, Ming Company had accounts receivable of $540,000, after deducting the related allowance for doubtful accounts. During 2010, the company had charges to bad debt expense of $90,000 and wrote off, as uncollectible, accounts receivable of...

Accounts Receivable and Allowance for Doubtful Accounts [ 2 Answers ]

IF a company sold$ 60000 of merchandise on credit.and Wrote off $10000 of uncollectible accounts receivable.Received $20000 cash in payment of accounts receivable. In adjusting the accounts , the company estimated that 0.5% of accounts receivable will be uncollectible. How can I account the ...

Accounts receivable and Accrual Receivable [ 1 Answers ]

When to record accounts receivable and accrual receivable. For example: the business has performed service to a customer (carpet cleaning) and a bill has issued to the customer. $100 Should we record Dr. Accrounts receivable 100 Cr. Revenue 100 Or Dr. Accrual...

What is the difference between accounts payable and accounts receivable? [ 1 Answers ]

What is the difference between accounts payable and accounts receivable?

View more questions Search