Please help with problem below. Please note that this problem has 2 parts (a and b). Please show all work for answers

Exercise 3 Brigham Corporation is experiencing a temporary cash shortage and decides to transfer a group of its accounts receivable to ADJ Finance Company. Brigham does not normally transfer its receivables. ADJ Finance accepts $100,000 of Brighams accounts receivable, remits 90% of the accounts receivable transferred, and charges a 15% commission on the gross amount of the transferred receivables. Title to the receivables is transferred to ADJ Finance, and ADJ Finance has the right to assign, pledge, or sell the receivables. Instructions:

a. Prepare the journal entries necessary by Brigham to record the preceding information assuming the transfer was without recourse.

b. Prepare all the journal entries necessary by Brigham to record the preceding information assuming the transfer was with recourse and the recourse obligation had an estimated fair value of $5,500.