Solved: Guthrie company sold its accounts receivable of 65000 what, Cost Accounting

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Guthrie company sold its accounts receivable of 65000 what

Consider these transactions:

(a) Espinosa Restaurant accepted a Visa card in payment of a $100 lunch bill. The bank charges a 3% fee. What entry should Espinosa make?

(b) Guthrie Company sold its accounts receivable of $65,000. What entry should Guthrie make, given a service charge of 3% on the amount of receivables sold?

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Cost Accounting: Guthrie company sold its accounts receivable of 65000 what

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Cost Accounting: Guthrie company sold its accounts receivable of 65000 what

Reference No:- TGS0779782

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