Question 6 Not complete Marked out of 1.08 Flag question Cappa Apparel manufactures sportswear for retailers and frequently sells its receivables to factors as a means of accelerating cash collections. On December 1, Cappa sold $100,000 of its receivables to Factor Bank. The receivables were sold with recourse. The factor charged 6% and held back another 10% for sales adjustments. Cappa records a $4,000 recourse obligation. Record journal entries related to the sale of accounts receivable for (a) Cappa Apparel, and (b) Factor Bank. Note: If a line in the journal entry isn't required for the transaction, select "N/A" as the account name and leave the Dr. and Cr. answers blank (zero). a. Cappa Apparel Account Name To record sale of receivables. b. Factor Dr. Cr. Account Name Dr. Cr. To record purchase of receivables.