Indigo Corporation factors $740,000 of accounts receivable with Teal Mountain Inc., Inc. on a with recourse basis. Teal Mountain Inc. will collect the receivables. The receivable records are transferred to Teal Mountain Inc. on August 15, 2020. Teal Mountain Inc. assesses a finance charge of 2.5% of the amount of accounts receivable and also reserves an amount equal to 5.35% of accounts receivable to cover probable adjustments. Indigo 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 Indigo to record the sale of receivables, assuming the recourse obligation has a fair value of $5,300. (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 for the amounts.) Account Titles and Explanation Debit Credit