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Prepare the Necessary Journal Entry for the Following Transaction

question 239

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Prepare the necessary journal entry for the following transaction. Linton Company sold $270000 of its accounts receivables to a factor. The factor charges a 3% fee.


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Thousands of Genes

Refers to the vast number of genes in the human genome that contribute to the complexity of biological traits and behaviors.

Pairs

Two items, individuals, or elements that are associated with each other or function together.

Evolutionary Psychologist

A psychologist who studies how evolutionary principles help explain the origin and function of the human mind and behavior.

Inheritable Traits

Characteristics or features of an organism that can be passed from one generation to the next through genes.

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