F. To accelerate the collection of its receivables, CLAW Company entered a regular and with recourse factoring arrangement with a factor. During the month of Sept 2023, the company factored P3,000,000 of its receivable wherein, the factor withheld 25% of the factored receivables balance. In addition, commission of 5% and advanced interest of 12% based on the average period of 30 days before the receivables are collected from the customers were charged. Recourse liability had a fair value of P150,000 on the date of factoring. quired: Journal entries related to the factoring