Browing Sales Ltd. sells $1,450,000 of receivables with a fair value of $1,500,000 to Finnish Trust in a securitization transaction that meets the criteria for a sale. Browing receives the full fair value of the receivables and agrees to continue to service them. The fair value of the service liability component is estimated as $250,000.

Required: Prepare the journal entry for Browing to record the sale.