Prepare the appropiate journal entry to record, Accounting Basics

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Prepare the appropiate journal entry to record

Bryant inc. factor receivable with a carrying amount of $200.000 to Warrent Company for $190.000 on a with recourse basis.

The recourse provision has a fair Value of $2.000. This transaction should be recorded as a sale. Prepare the appropiate journal entry to record this transaction on the books of Bryant inc.

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Accounting Basics: Prepare the appropiate journal entry to record

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Accounting Basics: Prepare the appropiate journal entry to record

Reference No:- TGS078343

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : How to classify items according to abc classification system

Q : What is the labor efficiency variance for the month

Q : Pareto effect problem

Q : What is the cost of the equipment

Q : Prepare the appropiate journal entry to record

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Prepare the appropiate journal entry to record

Reference No:- TGS078343

Recent Questions Asked Accounting Basics

Q : How to classify items according to abc classification system

Q : What is the labor efficiency variance for the month

Q : Pareto effect problem

Q : What is the cost of the equipment

Q : Prepare the appropiate journal entry to record

Q : Movement consequences in a mixture of positive

Q : What will determine whether it can in remaining years

Q : Benefits of an auditor using statistical sampling

Q : What amount of goodwill should horace wimp record

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