dan Corporation factors $$252,100$ of accounts receivable with Kathleen Battle Financing, Inc. on a with recourse basis. Kathleen Financing will collect the receivables. The receivables records are transferred to Kathleen Battle Financing on August $15,2025.$ en Battle Financing assesses a finance charge of $2\%$ of the amount of accounts receivable and also reserves an amount equal of accounts receivable to cover probable adjustments.

ume that the conditions are met for a transfer of receivables with recourse to be accounted for as a sale. Prepare the journal n August $15,2025,$ for Sheridan to record the sale of receivables, assuming the recourse obligation has a fair value of $$4,090.($If is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when unt is entered. Do not indent manually. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit

$202$