Blossom Incorporated sold $320,000 of accounts receivable to Pina Factors Inc. on a with recourse basis. Pina assesses a 2% finance charge of the balance of accounts receivable and retains an amount equal to 6% of accounts receivable for possible adjustments. Prepare the journal entries for Blossom Incorporated and Pina Factors to record the sale of the accounts receivable to Pina, assuming that the recourse liability has a fair value of $16,000. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Account Titles and Explanation Blossom Incorporated Debit Credit Pina Factors Inc.