9 Save A 1 points On August, 2019, XYZ Company factored receivables of $200,000 to ABC Company. ABC Company assesses a finance charge of 2% of the receivables and retains 5% of the receivables. Assume that XYZ Company factors receivables on a with guarantee (with recourse) basis. The journal entry to be recorded by ABC is: O A. Cash......... Loss on sales of receivable..... ........ 186,000 4,000 Due from factor ... .... 10,000 Accounts receivable........ .200,000 OB. Accounts receivable...... ...200,000 Interest revenues... 14,000 Cash...... ..... 186,000 Accounts receivable.... .200,000 Interest revenues.... Due to customer.. Cash...... ..4,000 10,000 186,000 D. Cash....... 186,000 Finance charge..... ...4,000 Due from factor... ....10,000 Recourse liability....... .... 200,000