Sheffield Corporation factors $250,500of accounts receivable with Kathleen Battle Financing, Inc. on a with recourse basis. Kathleen Battle Financing will collect the receivables. The receivables records are transferred to Kathleen Battle Financing on August 15, 2017. Kathleen Battle Financing assesses a finance charge of2% of the amount of accounts receivable and also reserves an amount equal to4% of accounts receivable to cover probable adjustments