On march 3 cornwell appliances sells 680000 of its

Reference no: EM13604886

On March 3, Cornwell Appliances sells $680,000 of its receivables to Marsh Factors Inc. Marsh Factors assesses a finance charge of 3% of the amount of receivables sold. Prepare the entry on Cornwell Appliances' books to record the sale of the receivables.

Reference no: EM13604886

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