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Current Attempt in Progress Shamrock Incorporated factored $146.800 of accounts receivable with Bridgeport Factors Inc. on a without-recourse basis. Bridgeport assesses a 3% finance charge

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Current Attempt in Progress Shamrock Incorporated factored $146.800 of accounts receivable with Bridgeport Factors Inc. on a without-recourse basis. Bridgeport assesses a 3% finance charge of the amount of accounts receivable and retains an amount equal to 7% of accounts receivable for possible adjustments. Prepare the journal entry for Shamrock Incorporated and Bridgeport Factors to record the factoring of the accounts receivable to Bridgeport. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) No. Account Titles and Explanation Debit Credit Shamrock 1. Bridgeport 2

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