Jeremy Co. is having a hard time collecting its outstanding accounts receivables from its customers. Jeremy decides to factor $110,000 of its accounts receivables to Abby Co. on 1/1/2022. Abby assesses a finance charge of 9% of the factored accounts receivables, and retains an amount equal to 4% of the factored accounts receivables for probable adjustments. Q22. If the factoring between Jeremy and Abby is done without recourse what journal entry would Jeremy record in relation to the factoring on 1/1/2022? Q23. If the factoring between Jeremy and Abby is done without recourse what journal entry would Abby record in relation to the factoring on 1/1/2022? Q24. the factoring between Jeremy and Abby is done with recourse what journal entry would Jeremy record in relation to the factoring on 1/1/2022? Assume that any recourse obligation is deemed to have a fair market value of $6,600. Q25. If the factoring between Jeremy and Abby is done with recourse what journal entry would Abby record in relation to the factoring on 1/1/2022