Orange Incorporated sold $455,000 of accounts receivable to Happy Factors Inc. on a with recourse basis. Happy assesses a 2% finance charge of the amount of accounts receivable and retains an amount equal to 5% of accounts receivable for possible adjustments. Prepare the journal entries for Orange Incorporated and Happy Factors to record the sale of the accounts receivable to Happy assuming that the recourse liability has a fair value of $15,000. Orange Incorporated Happy Factors