Sweet Incorporated factored $133,800 of accounts receivable with Pharoah Factors Inc. on a without-recourse basis. Pharoah assesses a 2% finance charge of the amount of accounts receivable and retains an amount equal to 6% of accounts receivable for possible adjustments. Prepare the journal entry for Sweet Incorporated and Pharoah Factors to record the factoring of the accounts receivable to Pharoah. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Sweet 1. 2. Pharoah Debit Credit