Bradley Corporation factors accounts receivable with BAM Finance Corporation at a value of $325,000, without recourse, on April 1, 2019. All receivable will be collected. BAM Finance assesses a finance charge of 2.5% and retains an amount equal to 5% to cover sales discounts, returns & allowances. This transaction is able to be recorded as a sale. #1 - Prepare the journal entry on April 1, 2019 for Bradley Corporation to record the sale of the receivables without recourse. #2 - Prepare the journal entry on April 1, 2019 for BAM Finance Corporation to record the purchase of the receivables without recourse.