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Prepare the entry on kitselman appliances books

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Reference no: EM132091149

Question - On March 3, Kitselman Appliances sells $650,000 of its receivables to Ervay Factors Inc. Ervay Factors assesses a finance charge of 3% of the amount of receivables sold. Prepare the entry on Kitselman Appliances books to record the sale of the receivables.

Reference no: EM132091149

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