Exercise 7-15 Ames Quartet Inc. factors receivables with a carrying amount of $245,990 to Joffrey Company for $170,300 on a with recourse basis The recourse provision has a fair value of $2,810. This transaction should be recorded as a sale. Prepare the appropriate journal entry to record this transaction on the books of Ames Quartet Inc. (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.) Click if you would like to Show Work for this