Questions On September 1. Global Company factor Financing was to make receivable factored and a toda a $1,000000 f accounts receivable with Marks Financing without recourse basis Under the exqual les discounts, and absorb the credit losies Marks Financing sied a fines charge of t 2% of the total recervables to cover sales discounts Required: Prepare the journal entry required on Marks Financing on September L b. Assume Global Company factors the $1,000,000 of accounts receivable with Marks Financing on a with recourse basis. Prepare the journal very d on Global company's book on September 1 or the toolbar, press ALT-F10 (PC) or ALT-FN-F10 (Mac) B IUS Paragraph 10pt E I. X WORDS POWED TH Questions On September 1. Global Company factor Financing was to make receivable factored and a toda a $1,000000 f accounts receivable with Marks Financing without recourse basis Under the exqual les discounts, and absorb the credit losies Marks Financing sied a fines charge of t 2% of the total recervables to cover sales discounts Required: Prepare the journal entry required on Marks Financing on September L b. Assume Global Company factors the $1,000,000 of accounts receivable with Marks Financing on a with recourse basis. Prepare the journal very d on Global company's book on September 1 or the toolbar, press ALT-F10 (PC) or ALT-FN-F10 (Mac) B IUS Paragraph 10pt E I. X WORDS POWED TH