On July 1 Star Company factored $900,000 of accounts receivable with Prett Financing on a with a finance charge of 5% of the total accounts receivable factored and retained an amount equal to 39 Required: a. Prepare the journal entry required on Prett Financing on July 1. b. Assume Star Company factors the $900,000 of accounts receivable with Prett Financin For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). P B U Paragraph Arial 10pt