Ayayai Enterprises sold $700,000 of accounts receivable to Blossom Factors, Inc. on a without recourse basis under IFRS, as the risks and rewards have been transferred to Blossom. The transaction meets the criteria for a sale, and no asset or liability components of the receivables are retained by Ayayai. Blossom Factors assesses a finance charge of 3% of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable. Prepare journal entries for both Ayayai and Blossom. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) Ayayai Blossom