If you could include the entire journal entry including cash, due from factor, loss on sale and accounts recievable, as well, I would really appreciate it. Thank you!

2. Moon Inc. factors $3,000,000 of its accounts receivables with recourse for a finance charge of 4%. The finance company retains an amount equal to 8% of the accounts receivable for possible adjustments. Moon estimates the fair value of the recourse liability at $300,000. What would be the debit to Cash in the journal entry to record this transaction? a. $3,000,000. b. $2,880,000. c. $2,640,000 d. $2,340,000