Sage Incorporated factored $145,300 of accounts receivable with Pronghorn Factors Inc. on a without-recourse basis. Pronghorn assesses a 2% finance charge of the amount of accounts receivable and retains an amount equal to 7% of accounts receivable for possible adjustments. Prepare the journal entry for Sage Incorporated and Pronghorn Factors to record the factoring of the accounts receivable to Pronghorn. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit Sage 1. Pronghorn 2