Cheyenne Corp. sold $767,000 of accounts receivable to Sage Hill Inc. on a without recourse basis under IFRS, as the risks and rewards have been transferred to Sage Hill. The transaction meets the criteria for a sale, and no asset or liability components of the receivables are retained by Cheyenne. Sage Hill assesses a finance charge of 3% of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable. Prepare journal entries for both Cheyenne and Sage Hill. (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 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
Cheyenne
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
Sage Hill
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount