Navas 27 April 2020 at 12:52 PM

Question 8	XYZCompany sold $150,000 of its accounts receivable without recourse. The purchaser
	assessed a finance charge of 5%. Woody should record
	A) A debit to cash of $150,000.
	B) A credit to accounts receivable of $150,000.
	C) A credit to liability on transferred accounts receivable of $150,000.
	D) Interest expense of $7,500.