00:33:4 Question 12/27 On October 1, 2020, Ali Company sells (factors) $350,000 of receivables to Nation Factors, Inc. Nation assesses a service charge of 4 % of the amount of receivables sold. The journal entry to record the sale by Ali will include: 1. a debit of $350,000 to Accounts Receivable. 2. a credit of $ 364,000 to Cash. 3. a debit of $14,000 to Service Charge Expense. 4. a debit of $ 364,000 to Cash. Next