Question 13 of 23 -78 View Policies Current Attempt in Progress Flounder Incorporated factored $134,700 of accounts receivable with Culver Factors Inc. on a without-recourse basis. Culver assesses a 2% finance charge of the amount of accounts receivable and retains an amount equal to 6% of accounts receivable for possible adjustments. Prepare the journal entry for Flounder Incorporated and Culver Factors to record the factoring of the accounts receivable to Culver. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit No. Account Titles and Explanation Flounder 1. Culver 2