Brief Exercise 7-15 Flint Corporation sold $734,000 of accounts receivable to Tamarisk, Inc. on a without recourse basis under IFRS, as the risks and rewards have been transferred to Tamarisk. The transaction meets the criteria for a sale, and no asset or liability components of the receivables are retained by Flint. Tamarisk assesses a finance charge of 4% of the amount of accounts receivable and retains an amount equal to 5% of accounts receivable. Prepare journal entries for both Flint and Tamarisk. (Credit account titles are automatically indented when 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.) Account Titles and Explanation Flint Debit Credit Cash 667940 Due from Factor 29360 Loss on Disposal of Receiv 36700 Accounts Receivable 734000 Tamarisk Accounts Receivable Cash Finance Revenue SHOW LIST OF ACCOUNTS LINK TO TEXT 734000 667940 29360 36700