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Trell Corporation transferred $59,000 of accounts receivable to a local bank. The transfer was made...

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Accounting

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Trell Corporation transferred $59,000 of accounts receivable to a local bank. The transfer was made without recourse. The local bank remits 80% of the factored amount to Trell and retains the remaining 20% When the bank collects the receivables, it will remit to Trell the retained amountless a fee equal to 3% of the total amount factored Trell estimates a fair value of its 20% Interest in the receivables of $12,500 (not including the 3% fee) Trell will show an amount receivable from factor of Multiple Choice 512.500 550,730 510030 SO

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