Carla Incorporated factored $157,900 of accounts receivable with Engram Factors Inc. on a with recourse basis. Engram assesses a 2% finance charge of the amount of accounts receivable and retains an amount equal to 6% of accounts receivable for possible adjustments.

Prepare the journal entry for Carla to record the sale, assuming that the recourse liability has a fair value of $8,270. ( be aware of this number $8270)