MAR rruguestion Recording a Sale of Accounts Receivable Without Recourse Bappa Apparel manufactures fine sportswear for many national retailers and frequently sells its receivables to factors as a means of accelerating cash collections. Bappas . The receivables were sold without recourse. The factor charged 6 and held back for sales adjustments. Record Bappa's required en Cash Accounts Receivable Dr. CE Allowance for Dout Account Interest Receivable Receivable from Factor Not Receivable Discount on Not Receivable Payable to sell of Receivables Refund ability Recourse Liability Note Payable tales Revenue Sales Returns Sales Discount Sales Discount Forfeited Financing Hovence Interest Revenge Cost of Goods Sold Bad Debt Expense Finance Expense interest Expense Los on Sale of Note Loss on Sale of Receivables . All Rights Reserved Loisel olyfun Policy Gde BIOS NA Recording a Sale of Accounts Receivable Without Recourse Bappa Apparel manufactures fine sportswear for many national retailers and frequently sells its receivables to factors as a means of accelerating cash collections Bappa sold $100,000 of receivables to a factor The receivables were sold without recourse. The factor charged and held back for sales adjustments. Record Bappas required entry Dr. Account Name Cash Receivable from Factor