Presented below is information for Sheffield Company. 1. Beginning-of-the-year Accounts Receivable balance was $20,900. 2. Net sales (all on account) for the year were $105,300. Sheffield does not offer cash discounts. 3. Collections on accounts receivable during the year were $82,200. Shetfield is planning to factor some accounts re paivable at the end of the year. Accounts totaling $10,300 will be transferred to Credit Factors, Inc, with recourse. Credit Factors will retain 5% of the balances for probable adjustments and assesses a finance charge of 4%. The fair value of the recourse obligation is $1.012. Prepare the journal entry to record the sale of the receivables. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)