Business, 20.03.2020 03:04 aide1234564

On March 3, Kitselman Appliances sells $678,300 of its receivables to Swifty Inc. Swifty assesses a finance charge of 1% of the amount of receivables sold. Prepare the entry on Kitselman Appliances’ books to record the sale of the receivables. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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On March 3, Kitselman Appliances sells $678,300 of its receivables to Swifty Inc. Swifty assesses a...

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