Samson Wholesale Beverage Company regularly factors its accounts receivable with the Milpitas Finance Company. On April 30 , 2024 , the company transferred $870,000 of accounts receivable to Milpitas. The transfer was made without recourse. Milpitas remits 85% of the factored amount and retains 15%. When Milpitas collects the receivables, it remits to Samson the retained amount less a 2% fee ( 2% of the total factored amount). Samson estimates the fair value of the last 15% of its receivables to be $67,000. Prepare the journal entry for Samson Wholesale Beverage for the transfer of accounts receivable on April 30 , assuming the criteria are met. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field