Question: !!! View Policies Current Attempt in Progress el file. You o use any Exam, Sandhill Woodcrafters sells $232,400 of receivables to Commercial Factors, Inc. on

!!! View Policies Current Attempt in Progress el file. You o use any Exam, Sandhill Woodcrafters sells $232,400 of receivables to Commercial Factors, Inc. on a with recourse basis. Commercial assesses a finance charge of 5% and retains an amount equal to 4% of accounts receivable. Sandhill estimates the fair value of the recourse liability to be $8,000. Prepare the journal entry for Sandhill to record the sale. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is en 1. Do not indent manually.) Account Titles and Explanation Debit Credi W MacBook Pro

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