Orman Co Sold $80,000 of Accounts Receivable to First Savings and and Incurred

question 36

Essay

Orman Co. sold $80,000 of accounts receivable to First Savings and incurred a 3% factoring fee. Prepare the journal entry for Orman Co. to record the sale.

---

Definitions:

Renal Failure

A medical condition where the kidneys lose their ability to filter waste and excess fluids from the blood, potentially requiring dialysis or transplantation.

Peritoneal Dialysis

A treatment for kidney failure that uses the lining of your abdomen, or belly, to filter your blood inside your body.

Discharge Planning

The process of coordination and planning for a patient's transition from one healthcare setting to another or to their home, ensuring continuity and quality of care.

Standardized Care Plans

Standardized care plans refer to predefined, evidence-based strategies and protocols used by healthcare providers to manage and treat specific patient conditions effectively.