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Question 4 --/2 View Policies Current Attempt in Progress Nash Incorporated factored $147,400 of accounts receivable with Crane Factors Inc. on a without-recourse basis. Crane

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Question 4 --/2 View Policies Current Attempt in Progress Nash Incorporated factored $147,400 of accounts receivable with Crane Factors Inc. on a without-recourse basis. Crane assesses a 2% finance charge of the amount of accounts receivable and retains an amount equal to 7% of accounts receivable for possible adjustments. Prepare the journal entry for Nash Incorporated and Crane Factors to record the factoring of the accounts receivable to Crane. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Nash

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