Saber Boat Industries, Inc. sells (factors) $840,000 of Accounts Receivables with the Blue Water Finance Company on a with recourse basis. Blue Water acquires the receivables on January 31, 2018 assessing a finance charge of 5%, and also reserving 8% for covering probable adjustments. In addition, a recourse liability amounting to a fair value of $15,000 is accrued. a. Based on the contractual arrangement above, prepare the journal entry at January 31st for Distribution Industries, Inc. Debit Credit