Question 1 (15 points) On June 30, 2015, Cola Company transferred $62,000 of accounts receivable to a local bank, Kevin's Financial Corporation. The transfer was de recourse Kevin's Financial Corpora remits 91% of the factored amount to Cola Company and retains 9% When the bank collect the receivables, it will remit to Cola Company the tout less a 1% foe (1% of the total a amount) Please make sure your final answer(s) are accurate to 2 decimal places Prepare the journal entry to record the transfer on the books of Cola Company assuming that the sale criteria are met. Enter an appropeiate description, and enter the date in the format din 5/Jan) Goal Jour Date Accountin PR Debt Cred Page Prepare the journal entry to record the transfer on the books of Cola Company assuming that the sale criteria are met and that Cola Company guarantees payment to the bank for any eivables. The bank estimates that the uncollectible accounts have a fair value of $3,000. Enter an appropriale description, and enter the date in the format dalmmm (le 15/Jan), General Journal Page GB Account/Explanation PR Debit Credit