Flounder Woodcrafters sells $231,400 of receivables to Commercial Factors, Inc. on a with recourse basis. Commercial assesses a finance charge of 7% and retains an amount equal to 6% of accounts receivable. Flounder estimates the fair value of the recourse liability to be $8,010. Prepare the journal entry for Flounder to record the sale. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit