7 1 points Save Anwer On June, 2019, XYZ Company factored receivables of $500,000 to ABC Company ABC Company assesses a finance charge of 4% of the receivables and retains 6% of the receivables. Assume that XYZ Company factors the receivables on a with guarantee (with recourse) basis. The journal entry to be recorded by XYZ company is OA Accounts receivable, 500,000 Interest revenues Casli 50,000 450,000 OB Cash 450,000 Loss on sales of receivable.. 20,000 Due from factor. 30,000 Accounts receivable) 500,000 OC Accounts receivable Interest revenues.. Doe to customer: Cash 500,000 20,000 30,000 450,000 Cash 450,000 Finance charge. Due from factor 20,000 30,000 Recourse liability. 500,000