Assume PepsiCo factors $500,000 of accounts receivable with Commercial Factors, Inc., on a with recourse basis. Commercial Factors assesses a finance charge of 3 percent of the amount of accounts receivable and retains an amount equal to 5 percent of the accounts receivable (for probable adjustments, e.g. returns and allowances). PepsiCo determines that this recourse obligation has a fair value of $5,000. Prepare the journal entries for PepsiCo for the receivables sold with recourse.