Current Attempt in Progress

Concord Corp. factors $$449,000$ of accounts receivable with Marigold Finance Corporation on a without recourse bas $1,2025.$ The receivables records are transferred to Marigold Finance, which will receive the collections. Marigold Finance assesses a discounts, returns, and allowances. The transaction is to be recorded as a sale.

$($a$)$ Prepare the journal entry on July $1,2025,$ for Concord Corp. to record the sale of receivables without recourse. $($If no entry is the required, select $"$No Entry" for the account titles and enter $0$ for the credit entries.$)$ amount is entered. Do not indent manually. List all debit entries before credtentiond

Date Account Titles and Explanation

Debit

Credit

July $1,$

$2025$