Exercise 7-19 (Part Level Submission) Stellar Corp. factors $392,000 of accounts receivable with Pearl Finance Corporation on a without recourse basis on July 1, 2017. The receivables records are transferred to Pearl Finance, which will receive the collections. Pearl Finance assesses a finance charge of 1.90% of the amount of accounts receivable and retains an amount equal to 6% accounts receivable to cover sales discounts, to be recorded as a sale. returns, and allowances. The transaction (a) Prepare the journal entry on July 1, 2017, for Stellar 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 Open Show Work Click you would like to Show Work for this