(a). On March 3, Kitselman Appliances sells $624,000 of its receivables to Ervay Factors Inc. Ervay Factors...
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(b). On May 10, Fillmore Company sold merchandise for $21,400 and accepted the customer's America Bank MasterCard. America Bank charges a 4% service charge for credit card sales. Prepare the entry on Fillmore Company's books to record the sale of merchandise.
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Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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