Exercise 7-19 Crane Corp. factors $444,000 of accounts receivable with Cheyenne Finance Corporation on a without recourse basis on July 1, 2017. The receivables records are transferred to Cheyenne Finance, which will receive the collections. Cheyenne Finance assesses a finance charge and allowances. The transaction the amount of accounts receivable and retains an amount equal to 5% of accounts receivable to cover sales discounts, returns, 1.80% to be recorded as a sale. Prepare the journal entry on July 1, 2017, for Crane Corp. to record the sale of receivables without recourse. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date July 1, 2017 Prepare the journal entry on July 1, 2017, for Cheyenne Finance Corporation to record the purchase of receivables without recourse. (If no entry is required, select "No Entry" for the account titles and for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) enter Debit Credit Date Account Titles and Explanation July 1, 2017 Open Show Work Clicki you would like to Show Work for this