abc company has the dollowing balance of 4,500,000 in its accounts receivable . the allowance for uncollectible accountsbis 250,000. abc aold its accounts receivable to edg company for 4,000,000 without recourse

I 4. ABC Company has the following balance of $4,500,000 in its accounts receivable. The Allowance for uncollectible accounts is $250,000. ABC sold its Accounts receivable to EFG Company for $4,000,000 without recourse. Required: Provide the general journal entries to record the sale of the Accounts Receivable to EFG Company