Samson Wholesale Beverage Company regularly factors its accounts receivable with the Milpitas Finance Company. On April 30, 2024, the company transferred $990,000 of accounts receivable to Milpitas. The transfer was made without recourse. Milpitas remits 90% of the factored amount and retains 10%. When Milpitas collects the receivables, it remits to Samson the retained amount less a 5% fee ( 5% of the total factored amount). Samson estimates the fair value of the last 10% of its receivables to be $79,000. 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 first account field. Record the transfer of accounts receivable on April 30. Note: Enter debits before credits