Jounalize the following transactions see attached transactions

Raj uses the net invoice method to record sales on account. Raj made sales of $40,000 with terms 3/15, net 45. The customer pays after 25 days. Journalize: Date Accounts Debit Credit Sheldon factored $200,000 of accounts receivable with Penny Factors on a with recourse basis. Penny assesses a 5% finance charge. Sheldon estimates the fair value of the recourse obligation to be $1,500. Penny Factors pays Sheldon 90% of the factored receivables. Sheldon estimates that the value of the final 10% of receivables is $16,000. Journalize the sale of the receivables. Date Accounts Debit Credit Hint: Loss = $4,000