Question 10 5 pts On March 1, 2019, Seymour Inc. assigns its accounts receivables of $300,000 to Minnesota Financing Company with recourse. Minnesota Financing Company, the factor, charges a 4% fee and retains 10% for future returns and allowances. The recourse obligation is estimated by Seymour to be $21,000. On March 1, 2019, there was already an allowance for bad debts relating to these receivables is $15,000 (credit) in Seymour's books. (Hint: Seymour must remove the allowance as part of the sale of its receivables, which results in a reduced loss on the sale of receivables. Provide Seymour's journal entry: Edit View Insert Format Tools Table