Valix Finacc vol 1 Problem 6-10

Financial Accounting Volume 1 2008 Valix-Peralta
Chapter 1 Problem 6-10

Cash                                                                                                    400,000

Allowance for doubtful accounts                                                         30,000

Loss on factoring                                                                                   70,000

        Accounts receivable                                                                                             500,000