Jervis sells $3,900 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 Debit Accounts Receivable $3,900; credit Factoring Fee Expense $117; credit Cash $3,783 Debit Cash $3,783; credit Accounts Receivable $3,783 Debit Accounts Receivable $3,783; debit Factoring Fee Expense $117; credit Cash $3,900. o Debit Cash $3,900; credit Factoring Fee Expense $117; credit Accounts Receivable $3,900 Debit Cash $3,783; debit Factoring Fee Expense $117; credit Accounts Receivable $3,900