Question: Current Attempt in Progress Blue Spruce Corp. decides to factor $ 1 0 2 , 0 0 0 of accounts receivable with Swifty Inc. on

Current Attempt in Progress
Blue Spruce Corp. decides to factor $102,000 of accounts receivable with Swifty Inc. on a without recourse basis. Swifty Inc. charges a
5% finance charge to Blue Spruce Corp.
Record the journal entry to be recorded by Blue Spruce Corp. (Credit account titles are automatically indented when amount is entered. Do
not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit
entries.)
Account Titles
Debit
Credit
Current Attempt in Progress Blue Spruce Corp. decides to factor $102,000

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