Brief Exercise 7-18 Riverbed Corp. sold $739,700 of accounts receivable to Marin Inc. on a without recourse basis under IFRS, as the risks and rewards have been transferred to Marin. The transaction meets the criteria for a sale, and no asset or liability components of the receivables are retained by Riverbed. Marin 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 Riverbed and Marin. (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 o for the amounts.) Debit Credit Account Titles and Explanation Riverbed Marin Brief Exercise 7-18 Riverbed Corp. sold $739,700 of accounts receivable to Marin Inc. on a without recourse basis under IFRS, as the risks and rewards have been transferred to Marin. The transaction meets the criteria for a sale, and no asset or liability components of the receivables are retained by Riverbed. Marin 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 Riverbed and Marin. (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 o for the amounts.) Debit Credit Account Titles and Explanation Riverbed Marin