A company sells 3200,000 of accounts receivable to a factor for cash less a 27 service charge. The
entry to record the sale should include
A.a debit to Cash for $ 196.0001
B.a credit to Sales Revenue for $ 196.0001
C.a credit to Accounts Receivable for 3 196.000.
D.a debit to Interest Expense for 54.0001
E.acredit to Service Charge Expense for $4.000