Crest Textiles, Inc. factors $200,000 of accounts receivable with Commercial Factors, Inc., on a without recourse basis. Commercial Factors assesses a finance charge of 2 percent of the amount of accounts receivable and retains an amount equal to 3 percent of the accounts receivable (for probable adjustments). The receivables transferred is completed without recourse. Please record Crest Textiles journal entries: Cash Due from Factor Loss on Sales of Receivables Accounts/Notes Receivable