HW Score: 0%, 0 of 9-14 (similar to) Question Help On May 1. Enko, Inc factored $700,000 of accounts receivable with Tuscany Finance without recourse. Tuscany Finance assessed a finance charge of 13% of the total accounts receivable factored and retained an amount equal to 9% (ie there is a 9% holdback). Assume the transaction is a sale, Read the requirements Requirementa. Prepare the journal entry required on Enko's books on May 1 (Record debiteul than edit Budade nations from anomalie Account May 1 Requirements a. Prepare the journal entry voquined on Enko's books on May 1 b. Now assume Enk factors the 5700 000 of accounts receivable with Tuesca Finance with recourse The recourse provision has a far value of 521.000 Prepare the journalty required ont Enko's books only Done Choose from any starter any number in the folds in then clich C 1 part W