Pina Colada Furniture factors $670000 of receivables to Sheffield Factors, Inc. Sheffield Factors assesses a 2% service charge on the amount of receivables sold. Pina Colada Furniture factors its receivables regularly with Sheffield Factors. What journal entry does Pina Colada make when factoring these receivables? Cash Loss on Sale of Receivables Accounts Receivable Cash Service Charge Expense Accounts Receivable 656600 13400 656600 13400 670000 670000