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Business, 10.10.2019 19:30 biancatay

At the end of june, the marquess company factored $200,000 in accounts receivable with homemark finance. the transfer is made without recourse. homemark charges a fee of 3% of receivables factored. during july, $150,000 of the factored receivables are collected. what amount of loss on sale of receivables would marquess record in june?

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