The journal entry that Oliver make when factoring these receivables is:
Debit Cash $784,000
Debit Service Charge Expense $16,000
Credit Accounts receivable $800,000
Oliver furniture journal entry
Debit Cash $784,000
[(100%-2%)×$800,000]
Debit Service Charge Expense $16,000
(2%×$800,000)
Credit Accounts receivable $800,000
(To record account receivables)
Inconclusion the journal entry that Oliver make when factoring these receivables is: Debit Cash $784,000; Debit Service Charge Expense $16,000; Credit Accounts receivable $800,000.
Learn more about account receivables here:brainly.com/question/24848903
C. their liability is limited by each partner's share of the business.
Hope it helps!
Brainliest would be nice but of course you don’t gotta :)
The two key principles that form the foundation for an ethical sales presentation are:
- To uncover needs.
- To solve problems.
<h3>What is a
sales presentation?</h3>
A sales presentation is an act that involves the process of speaking to customers and potential customers, so as to formally share and explain information about a product, especially for the purpose of proffering a solution to a particular problem.
This ultimately implies that, the two key principles that form the foundation for an ethical sales presentation are:
- To uncover needs.
- To solve problems.
Read more on sales presentation here: brainly.com/question/6890728
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