On March 3, Plume Appliances sells $710,000 of its receivables to Western Factors Inc. Western Factors Inc.

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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Related Book For  answer-question

Accounting Tools for Business Decision Making

ISBN: 978-1118096895

6th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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