On July 1, Star Company factored $900,000 of counts receivable with Pacing without recourse basie. Under the wrong the sales discounts, and absorb the credits Pret Financing and charge of the recrutement cover alex discounts Required: a. Prepare the journal entry required on Prett Financing on July b. Assume Star Company factors the 5900,000 of accounts receivable with Prett Financing on a with recourse basis. Prepare the your required by For the toolbar, press ALT 10 PC or ALTHFN+F10 iMac B I US Paragraph Arial 10pt LE A I. XODQ5 53 Moving to another question will save this response uestion 11 On July 1. Star Company factored $900,000 of accounts receivable with Pret Financing on without recourse basis the sales discounts, and absorb the credit losses. Prett Financing od finance charge of 5% of the love cover sales discounts Required: a. Prepare the journal entry required on Prett Financing on July 1. b. Assume Star Company factors the 5900,000 of accounts receivable with Prett Financing on with recourse basis. Patie For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Arial 10pt B IV Paragraph A 4 IX 613 LO