Recording the Sale of Accounts Receivable with Recourse

On April $1,$ DOS Company sold $$18,000$ accounts receivable to PS$2$ Finance Company to

obtain immediate cash. The related allowance for doubtful accounts was $$720.$ The

financial agreement specified a price of $$15,300$ on a with$-$recourse basis. DOS estimated a

$$360$ recourse liability.

Required

Prepare the journal entry for DOS Company to sell the accounts receivable.

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$).$