On March $3,$ Pharoah Appliances sells $$731,300$ 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 Pharoah Appliances' books to record the sale of the receivables. $($List all debit entries before credit entries. 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 $0$ for the amounts.$)$

Date Account Titles and Explanation

Debit

Credit

Mar. $3$