Butanone Corporation Element 250,000 of accounts receivable with Winkler Financing, Inc on a without guarantee (no recourse) basis. Winkler Financing will collect the receivables. The receivables records are transferred to Winkler Financing on August 15, 2015. Winkler Financing assesses a finance change of 2% of the amount of accounts receivables able and also reserves an amount equal to 4% of accounts receivable to cover adjustments. What conditions must be met for a transfer of receivables with resource to be accounted for as a sale? Assume the conditions from part (a) are met. Prepare the journal entry on August 15, 2015, for Bohannon to record the sale of receivables. Butanone Corporation Element 250,000 of accounts receivable with Winkler Financing, Inc on a without guarantee (no recourse) basis. Winkler Financing will collect the receivables. The receivables records are transferred to Winkler Financing on August 15, 2015. Winkler Financing assesses a finance change of 2% of the amount of accounts receivables able and also reserves an amount equal to 4% of accounts receivable to cover adjustments. What conditions must be met for a transfer of receivables with resource to be accounted for as a sale? Assume the conditions from part (a) are met. Prepare the journal entry on August 15, 2015, for Bohannon to record the sale of receivables