In recording the sale of accounts receivable, the commission charged by a factor is recorded as
A. Bad Debts Expense.
B. Commission Expense.
C. Loss on Sale of Receivables.
D. Service Charge Expense.
Answer: D
In recording the sale of accounts receivable, the commission charged by a factor is recorded as
A. Bad Debts Expense.
B. Commission Expense.
C. Loss on Sale of Receivables.
D. Service Charge Expense.
Answer: D