Business, 02.11.2019 05:31, lberries08

Laurel company factors $300,000 of receivables to hardy factors. hardy factors assesses a 3% fee on the amount of receivables sold. laurel co. factors its receivables to hardy factors regularly. what journal entry does laurel co. make when the factoring occurs?

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Laurel company factors $300,000 of receivables to hardy factors. hardy factors assesses a 3% fee on...