Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 22650 and 24500 are both wrong... bramble inc,

22650 and 24500 are both wrong... Bramble inc, factors receivables with...

90.2K

Verified Solution

Question

Accounting

22650 and 24500 are both wrong...
image
Bramble inc, factors receivables with a carrying amount of $202,200 to Joffrey Company for $177,700 on a with recourse basis. The recourse provision has a fair value of $1,850. This transaction should be recorded as a sale. Prepare the appropriate journal entry to record this transaction on the books of Bramble Inc. (If nio entry is required, select "No Entry" for the account tities and enter 0 for the amounts, Credit account titles are outomotically indented when the amount is entered. Do not indent manually, List all debit entries before credit entries.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Ohio Inc. has a beta of 1.6 and its debt-to-equity ratio is 0.8. The risk-free rate...

Finance
Q

For each of the reactions, calculate the mass (in grams) of the product formed when 3.75...

Chemistry
Q

How does Puccini’s opera Turandot portray China and the Chinese people? Be as specific as you...

Psychology
Q

1. There are two steps for evaluating argument, the first step is to determine the logical...

Advance Math
Q

In AVWX x 680 inches m X 15 and m V 116 Find the length...

Geometry
Q

Evaluate the following limit lim x 1 e4x 1 X 0 O O O lim...

Calculus
Q

The velocity of a fast automobile on a straight highway is given by the function...

Calculus
Q

2 John is training for a bike race Over his training program he increases his...

Algebra
Q

Problem 7-2A Estimating and reporting bad debts LO P2, P3 [The following information applies to...

Accounting
Q

is the plant supervisor salary is direct labour cost

Accounting
Q

When demand for a product is very elastic and prices are increased, demand will ________....

Accounting
Q

Cost of Lost Discount a. 2/13, net 50 % b. 2/20, net 50 % c....

Accounting