Flounder Corp. factors $695,000 of accounts receivable with Shamrock, Inc., Inc. on a with recourse basis. Shamrock, Inc. will collect the receivables. The receivable records are transferred to Shamrock, Inc. on August 15, 2020. Shamrock, Inc. assesses a finance charge of 2.0% of the amount of accounts receivable and also reserves an amount equal to 5.40% of accounts receivable to cover probable adjustments. Flounder prepares financial statements under ASPE. Assume the conditions for to be recorded as a sale are met. Prepare the journal entry on August 15, 2020, for Flounder to record the sale of receivables, assuming the recourse obligation has a fair value of $6,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit