9. Carlton's Candy Company transferred $100,000 of accounts receivable to First City Bank. The transfer was made without recourse. First City remits 90% of the factored amount to Carlton's and retains 10%. When the bank collects the receivables, it will remit to Carlton's the retained amount (which Carlton estimates to have a fair value of $8,000) less a 2% fee (2% of the total factored amount). Prepare the journal entry to record the transfer on the books of Carlton's Candy Company.