Novak Corp. factors $745,000 of accounts receivable with Windsor, Inc., Inc. oh a with recourse basis. Windsor, Inc. will collect the receivables. The receivable records are transferred to Windsor, Inc. on August 15, 2020. Windsor, Inc. assesses a finance charge of 3.0% of the amount of accounts receivable and also reserves an amount equal to 5.20% of accounts receivable to cover probable adjustments. Novak prepares financial statements under ASPE Assume the conditions for to be recorded as a sale are met. Prepare the journal entry on August 15, 2020, for Novak to record the sale of receivables, assuming the recourse obligation has a fair value of $7,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit