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Unformatted text preview: Accounts Receivable 20,000 Factoring Fee Calculation: 20,000 *.05 12/10/10 Disposing of Receivables • Example: Borrowed 20,000 dollars from Acme Bank. The Bank pledged 25,000 worth of receivables. Cash 20,000 Notes Payable 20,000 *** Collateral Agreement only comes into play in case of a default of the...
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- Fall '10
- Accounting, 5%, Acme Bank, 20,000 dollars, factoring fee