Carla Incorporated factored $145,900 of accounts receivable with Sarasota Factors Inc. on a without-recourse basis. Sarasota assesses a 3% finance charge of the amount of accounts receivable and retains an amount equal to 7% of accounts receivable for possible adjustments. Prepare the journal entry for Carla Incorporated and Sarasota Factors to record the factoring of the accounts receivable to Sarasota. (If no entry is required, select "No Entry" for the account titles and enter O 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 1. 2. Carla Sarasota