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Question 14 3.75 pts 14. Tyler sells $4,000 of its accounts receivable to Smith Bank In order to obtain necessary cash. Smith Bank charges a

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Question 14 3.75 pts 14. Tyler sells $4,000 of its accounts receivable to Smith Bank In order to obtain necessary cash. Smith Bank charges a 2% factoring fee of the total accounts receivable factored. What entry should Tylet make to record the transaction? O A Debit Cash 53.920, debit Factoring Fee Expense $80, credit Accounts Receivable $4,000 OB. Debit Accounts Receivable $3,920, debit Factoring Fee Expense $80; credit Cash $4,000 O Debit Cash $4,080, credit Factoring Fee Expense $80; credit Accounts Receivable $4.000 O Debit Cash $3.920, credit Accounts Receivable 53.920 None of the above

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