How to record the entry, This was not recorded due to the

How to record the entry

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Reference no: EM133903037

Problem

On December 30 of this year Tri-Area factored $5,000 of the accounts receivable. The factor will keep 10% for returns to be paid in thirty days. The discount rate is 9% with recourse of $400. Get the instant assignment help. This was not recorded due to the bookkeeper not sure how to record the entry. Keep the receivable from factor as a separate receivable.

Reference no: EM133903037

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How to record the entry : This was not recorded due to the bookkeeper not sure how to record the entry. Keep the receivable from factor as a separate receivable.

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