Nash Woodcrafters sells $224,200 of receivables to Commercial Factors, Inc. on a full guarantee for credit losses. Commercial assesses a finance charge of 6% and retains an amount equal to 5% of accounts receivable. Prepare the journal entry for Nash to record the sale. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)