Bramble Corp. factors $422,000 of accounts receivable with Sunland Finance Corporation on a without recourse basis on July 1, 2017. The receivables records are transferred to Sunland Finance, which w ill receive the collections. Sunland finance assesses a finance C ge of 90% i the mo nto ccurts eceivablemi e ains anarmount quarojhofsccounts receivable to cover sales discounts, returns, and allowances. The transaction is to be recorded as a sale. Prepare the journal entry on July 1, 2017, for Bramble Corp. to record the sale of receivables without recourse. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 1, 2017 SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entry on July 1, 2017, for Sunland Finance Corporation to record the purchase of receivables without recourse. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 1, 2017