Company A factored $750,000 of accounts receivable with Bank B on a without-recourse basis. Bank B assesses a 2% finance charge of the amount of accounts receivable and retains an amount equal to 8% of accounts receivable for possible adjustments. In the journal entry to account for the transaction, Bank B will Select one: a. credit Gain on Sale of Receivables For $75,000 b. debit Due to Factor for $60,000 c. credit Due to Customer for $60,000 O d. debit Loss on Sale of Receivables for $15,000