Swifty Furniture factors $510000 of receivables to Blue Spruce Factors, Inc. Blue Spruce Factors assesses a 2% service charge on the amount of receivables sold. Swifty Furniture factors its receivables regularly with Blue Spruce Factors. What journal entry does Swifty make when factoring these receivables?

Cash		499800
Loss on Sale of Receivables		10200
	Accounts Receivable		510000

Cash		499800
	Accounts Receivable		499800

Cash		310000
	Accounts Receivable		499800
	Gain on Sale of Receivables		10200

Cash		499800
Service Charge Expense		10200
	Accounts Receivable		510000