Question 25 (4 points) Saved Jeremy Co. is having a hard time collecting its outstanding accounts receivables from its customers. Jeremy decides to factor $110,000 of its accounts receivables to Abby Co. on 1/1/2022. Abby assesses a finance charge of 9% of the factored accounts receivables, and retains an amount equal to 4% of the factored accounts receivables for probable adjustments. If the factoring between Jeremy and Abby is done with recourse what journal entry would Abby record in relation to the factoring on 1/1/2022? Dr. Accounts Receivable $110.000 Cr. Cash $95.700 Cr. Revenue $9.900 Cr. Due to Jeremy $4,400 Dr. Accounts Receivable $110,000 Cr. Cash $110.000 Dr. Accounts Receivable $110,000 Cr. Cash $100,100 Cr. Revenue $9.900 Dr. Accounts Receivable $110.000 Cr. Cash $95.700 Cr. Loss $9.900 Cr. Due to Jeremy $4.400