A company factored $45,000 of its accounts receivable and was charged a 3% factoring fee. The journal entry to record this transaction would include a: A. Debit to Cash of $45,000, a debit to Factoring Fee Expense of $1,350, and credit to Accounts Receivable of $43,650. B. Debit to Cash of $45,000 and a credit to Accounts Receivable of $45,000. C. Debit to Cash of $43,650, a debit to Factoring Fee Expense of $1,350, and a credit to Accounts Receivable of $45,000. D. Debit to Cash of $46,350 and a credit to Accounts Receivable of $46,350. E. Debit to Cash of $45,000 and a credit to Notes Payable of $45,000.

C. Debit to Cash of $43,650, a Debit to Factoring Fee Expense of $1,350, and Credit to Account Receivable of $45,000

Explanation:

Assuming the company factored the amount of $45,000 of its ACCOUNTS RECEIVABLE and was charged a 3% FACTORING FEE. The appropriate journal entry to record this transaction would include a:Debit to Cash of $43,650, a Debit to Factoring Fee Expense of $1,350, and Credit to Account Receivable of $45,000

Debit Cash $43,650

(97*$45,000)

Debit Factoring Fee Expense of $1,350

($3%*45,000)

Credit Account Receivable $45,000

correct, but each time you dont pay the price of the penalty can increase.

according to the song of roland, the characteristics of an ideal knight are: loyalty to the king, skilled warriors and horseman, valiant, bold, courageous, strong and proud in battle. they should be determined to fulfil their duties and willing to die to make their people safe.