Coronado Ltd$.$ factors receivables with a carrying amount of $260,000$ to Warren Company for $208,000$ and guarantees all credit losses.

Prepare the appropriate journal entry to record this transaction on the books of Coronado Ltd$.($If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.$)$

Account Titles and Explanation

Debit

Credit