Business, 14.04.2020 21:07, augestfaith

Westside Textiles decides to sell $881,650 of its accounts receivable to Cheyenne Inc. Cheyenne assesses a service charge of 3% of the amount of receivables sold.
Required:
a. Prepare the journal entry that Westside Textiles makes to record this sale.

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Westside Textiles decides to sell $881,650 of its accounts receivable to Cheyenne Inc. Cheyenne asse...