faaast please

Question Son Arants points On July 1 Star Company factored $600,000 of accounts receivable with Prett Financing on a without recourse basis. Under the arrangement, Prent Financing wastorake the collections, bundle the sales discounts, and short the credit losses. Prett Financing assestod a finance charge of 71 of the total accounts receivable factored and retained an amount qual to 2% of the total receivable in cover sales discounts Required Prepare the journal entry required on Prett Financing on July 1 bi Assume Star Company factors the $600,000 of accounts receivable with Prett Financing on a with recourse basis. Prepare the journal entry required on Star company book on July For the toolbar.press ALTFIOP) or ALTINO Mac. BIUS Paragraph Arial 10pt A I. XOQ 5 X X, 8. The t 11 15 E