5 ABC Incorporated factored $200,000 of accounts receivable with Factors Inc, on a with recourse basis. Factor assesses a 4% finance charge of the amount of accounts receivable and retains an amount equal to 5% of accounts receivable for possible adjustments. Prepare the journal entry for ABC to record the sale, assuming that the recourse liability has a fair value of $9,000 1 i - T- BID Eng