Multiple Choice Question 118 Sunland Furniture factors $897000 of receivables to Blossom, Inc. Blossom assesses a 3% service charge on the amount of receivables sold. Sunland Furniture factors its receivables regularly with Blossom. What journal entry does Sunland make when factoring these receivables? O 870090 870090 Cash Accounts Receivable Cash Service Charge Expense Accounts Receivable 870090 26910 897000 Cash Loss on Sale of Receivables Accounts Receivable 870090 26910 897000 897000 Cash Accounts Receivable Gain on Sale of Receivables 870090 26910