Recording the sale of Accounts Receivable With Recourse Cappa Apparel manufactures sportswear for retailers and frequently sells its receivables to factors as a means of accelerating cash collections. On December 1, 2020, Cappa sold $100,000 of its receivables to Factor Bank. The receivables were the sale with recourse. The factor charged 6% and held back 10% for sales adjustments. Cappa records a $4,000 recourse obligation. Required Record all 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. Note: Record debits in alphabetical order based on the first letter of the account name. Account Name Dr. Accounts Receivable b. Factor Note: Record credits in alphabetical order based on the first letter of the account name. Account Name Dr. Check