Exercise 9 7 Presented below are two independent situations Your answer is partially correct Try again On March 3, Kitselman Appliances sells $650,000 of its receivables to Ervay Factors Inc Ervay Factors assesses a finance charge of 3 of the amount of receivables sold Prepare the entry on Kitselman Appliances books to record the sale of the receivables (Credit account titles are automatically indented when amount is entered Do not indent manually ) Date Account Titles Debit Credit Mar 3 SHOW LIST OF ACCOUNTS LINK TO TEXT Your answer is partially correct Try again On May 10, Fillmore Company sold merchandise for $3,000 and accepted the customers America Bank MasterCard America Bank charges a 4 service charge for credit card sales Prepare the entry on Fillmore Companys books to record the sale of merchandise (Credit account titles are automatically indented when amount is entered Do not indent manually ) Date Account Titles Debit Credit May 10

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Question: Exercise 9-7 Presented below are two independent situations. Your answer is partially correct. Try again. On March 3, Kitselman Appliances sells $650,000 of its receivables

Exercise 9-7

Presented below are two independent situations.


	Your answer is partially correct. Try again.

On March 3, Kitselman Appliances sells $650,000 of its receivables to Ervay Factors Inc. Ervay Factors assesses a finance charge of 3% of the amount of receivables sold. Prepare the entry on Kitselman Appliances books to record the sale of the receivables. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles	Debit	Credit
Mar. 3

SHOW LIST OF ACCOUNTS
LINK TO TEXT


	Your answer is partially correct. Try again.

On May 10, Fillmore Company sold merchandise for $3,000 and accepted the customers America Bank MasterCard. America Bank charges a 4% service charge for credit card sales. Prepare the entry on Fillmore Companys books to record the sale of merchandise. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles	Debit	Credit
May 10

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