RECOMMENDED!!North Incorporated sold $300,000 of accounts receivable to Southern Inc.

  

North Incorporated sold $300,000 of accounts receivable to Southern Inc. on a with recourse basis. Southern assesses a 3% finance charge of the amount of accounts receivable and retains an amount equal to 5% of accounts receivable for possible adjustments.Prepare the journal entries for North Incorporated and Southern to record the sale of the accounts receivable to Southern assuming that the recourse liability has a fair value of $15,000.

How it works

  1. Paste your instructions in the instructions box. You can also attach an instructions file
  2. Select the writer category, deadline, education level and review the instructions 
  3. Make a payment for the order to be assignment to a writer
  4.  Download the paper after the writer uploads it 

Will the writer plagiarize my essay?

You will get a plagiarism-free paper and you can get an originality report upon request.

Is this service safe?

All the personal information is confidential and we have 100% safe payment methods. We also guarantee good grades