Brief Exercise 7-10 Novak Incorporated factored $133,800 of accounts receivable with Splish Factors Inc. on a without-recourse basis. Splish assesses a 2% finance charge of the amoun accounts receivable and retains an amount equal to 6% of accounts receivable for possible adjustments Prepare the journal entry for Novak Incorporated and Splish Factors to record the factoring of the accounts receivable to Splish. (If no entry is required, select "N 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.) No. Account Titles and Explanation Debit Credit Novak Splish 2. Click if you would like to Show Work for this question: Open Show Work