On march 3 plume appliances sells 710000 of its receivables, Accounting Basics

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On march 3 plume appliances sells 710000 of its receivables

Question: On March 3, Plume Appliances sells $710,000 of its receivables to Western Factors Inc. Western Factors Inc. assesses a service charge of 4% of the amount of receivables sold.

Instructions: Prepare the entry on Plume Appliances' books to record the sale of the receivables.

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Accounting Basics: On march 3 plume appliances sells 710000 of its receivables

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Accounting Basics: On march 3 plume appliances sells 710000 of its receivables

Reference No:- TGS02624142

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