is this correct?

On October 29,2025 , Melton, Inc. sold $80,000 of accounts receivable to Roberts Factors on a without recourse basis. Roberts assesses a 1.5% finance charge of the amount of accounts receivable and retains an amount equal to 5\% of accounts receivable for possible adjustments. Prepare the journal entries on October 29, 2025 for both entities. Assume that Melton, Inc. sold the accounts receivable on a with recourse basis. Prepare the journal entry on Melton, Inc.'s books on October 29,2025 . The recourse liability is $5,000