Swifty Furniture factors $891000 of receivables to Cullumber, Inc. Cullumber assesses a 3% service charge on the amount of receivables sold. Swifty Furniture factors its receivables regularly with Cullumber Factors. What journal entry does Swifty make when factoring these receivables? Cash 864270 Loss on Sale of Receivables 26730 Accounts Receivable 891000 Cash 864270 Service Charge Expense 26730 Accounts Receivable 891000 O Cash 864270 Accounts Receivable 864270 Cash 864270 Service Charge Expense 26730 Accounts Receivable 891000 Cash 864270 Accounts Receivable 864270 Cash 891000 Accounts Receivable 864270 Gain on Sale of Receivables 26730