On June 30,2024 , Blonde Fichres was comsidering ahernatives to bolster as cash position. Option One called for transferring Option Two meets the condtiona to be considered o sale, but Bionde estimetes a $2.200 recourse liability. Under ether option, $21000 fonoring the factoring feel Required: 1. Prepaie any necessacy journal entry or entries if recevables are factored under Option One: 2. Prepare any necersay jaurnat entry or eneries if receivables are factored under Option Two. Complete this question by entering veur answers in the tabs below. Journal entry worksheet heoted the entry if rechivables are tactored under optien one