Samson Wholesale Beverage Company regularly factors its accounts receivable with the Milpitas Finance Company. On April 30 , 2024 , the company transferred $970,000 of accounts recelvable 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 3 fee (3\% of the total factored amount). Samson estimates the fair value of the last 15% of its receivables to be $77,000. Required: Prepare the journal entry for Samson Wholesale Beverage for the transfer of accounts receivable on April 30, assuming the sale criteria are met. Note: If no entry is required for a transaction/event, select "No journal entry required" in the fist account field. Journal entry worksheet Record the transfer of accounts receivable on April 30