14 hot 40 minutes 30 9 10 11 12 Question 1 On July 1, Star Company faced $600,000 of accounts receivable with Prent Financing on a without recourse basis. Under the arrangement, Pren Fiming was to make the and at the credit losses Prett Financing assessed a finance charge of 7% of the total accounts receivable factored and stained amount gul 25% of the Required Prepare the journal entry required on Prett Financing on July 1 bles A Star Company lidors the S600,000 of accounts receivable with Prett Financing on a with recourse basis. Prepare the journal entry requin Star gay's book on July press ALT-10 (PC) or ALT-EN-F10 (Mac BIUS Paragraph Arlal 10pt Ming to auther question will save this response