HuntIncorporated sold $300,000of accounts receivable to Gannon Factors Inc. on a with recourse basis. Gannon assesses a2% finance charge of the amount of accounts receivable and retains an amount equal to6% of accounts receivable for possible adjustments. Prepare the journal entries forHuntIncorporated and Gannon Factors to record the sale of the accounts receivable to Gannon assuming that the recourse liability has a fair value of $15,000.