Tamarisk Group factors $424,000 of accounts receivable with Vaughn Finance without guaranteeing any payment for possible credit losses(without recourse) on July 1, 2022. The receivables records are transferred to Vaughn Finance, which will receive the collections. Vaughn Finance assesses a finance charge of 2% of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. The transaction is to be recorded as a sale. (a) Prepare the journal entry on July 1,2022, for Tamarisk Group to record the sale of receivables without recourse. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)