Coronado Ltd . factors receivables with a carrying amount of 2 6 0 , 0 0
Question:
Coronado Ltd factors receivables with a carrying amount of to Warren Company for and guarantees all credit losses.
Prepare the appropriate journal entry to record this transaction on the books of Coronado LtdIf no entry is required, select No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.
Coronado Ltd factors receivables with a carrying amount of to Warren Company for and guarantees all credit losses.
Prepare the appropriate journal entry to record this transaction on the books of Coronado LtdIf no entry is required, select No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.