Q 6 POSTI qualifies as a sale. The factor charges a fee equal to 5% of the receivables factored and holds back an additional 1%. The factor will return the hold back to POSTIT in full when it collects the receivables. The fair value of the recourse liability is $9.000. The journal entry to record this transaction includes: Select one: T Company factors $500,000 of its accounts receivables with recourse. The transaction O a. Credit to Cash of $470,000 O b. Debit to Loss of $34,000 O c. Credit to Accounts Receivable of $470,000 O d. Debit to Loss of $25,000 O e. None of the above