Metlock Incorporated factored $156,600 of accounts receivable with Bonita Factors Inc. on a without-recourse basis. Bonita assesses a 3% finance charge of the amount of accounts receivable and retains an amount equal to 7% of accounts receivable for possible adjustments Prepare the journal entry for Metlock Incorporated and Bonita Factors to record the factoring of the accounts receivable to Bonita. (if no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Debit Credit No. Account Titles and Explanation Metlock 1 Bonita 2 ICTURE TERRY Debit Credit No. Account Titles and Explanation Metlock 1. Bonita 2