Jervis sells $2,600 of its accounts receivable to Northern Bank in order to obtain necessary cash. Northern Bank charges a 3% factoring fee. What entry should Jervis make to record the transaction? Multiple Choice O Debit Cash $2,522; debit Factoring Fee Expense $78; credit Accounts Receivable $2,600 O Debit Accounts Receivable $2,522; debit Factoring Fee Expense $78, credit Cash $2,600. Debit Cash $2,600; credit Factoring Fee Expense $78, credit Accounts Receivable $2,600 O Debit Cash $2,522; credit Accounts Receivable $2,522 Debit Accounts Receivable $2,600; credit Factoring Fee Expense $78, credit Cash $2,522