On March 3, Bridgeport Corp. sells $768,500 of its receivables to National Factors Inc. National Factors Inc. assesses a service charge of its receivables to Western Factors Inc. Western Factors Inc. assesses a service charge of 4% of the amount of receivables sold. Prepare the entry on Bridgeport Corp. books to record the sale of the receivables.

Date Account Titles and Explanation Mar. 3 Debit Credit