Question: Current Attempt in Progress Prepare the necessary journal entry for the following transaction. Sunland Company sold $253,800 of its accounts receivables to a factor. The

Current Attempt in Progress Prepare the necessary journal entry for the following transaction. Sunland Company sold $253,800 of its accounts receivables to a factor. The factor charges a 3% fee. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entry before credit entry.) Account Titles and Explanation Debit Credit

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