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Business, 14.05.2021 21:10 teseladavisp07jif

Pina Colada Furniture factors $670000 of receivables to Sheffield Factors, Inc. Sheffield Factors assesses a 2% service charge on the amount of receivables sold. Pina Colada Furniture factors its receivables regularly with Sheffield Factors. What journal entry does Pina Colada make when factoring these receivables

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Pina Colada Furniture factors $670000 of receivables to Sheffield Factors, Inc. Sheffield Factors as...
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