Lee Min Ho Co. needs to obtain $240,000 in cash to safely cover next Friday's employee payroll. Lee has reached its debt ceiling. Lee's present balance of outstanding receivables totals $1,500,000. Lee decides to factor $250,000 of its receivables on September 7, 2021 at a 1% service charge, to alleviate this cash crunch. Record the entry that Lee would make when it raises the needed cash