Sarasota Enterprises sold $751,000 of accounts receivable to Ivanhoe Factors, Inc. on a without recourse basis under IFRS, as the risks and rewards have been transferred to Ivanhoe. The transaction meets the criteria for a sale, and no asset or liability components of the receivables are retained by Sarasota. Ivanhoe Factors assesses a finance charge of 4% of the amount of accounts receivable and retains an amount equal to 5% of accounts receivable. Prepare journal entries for both Sarasota and Ivanhoe. Use the account Due to Customer for Ivanhoe. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)