Tamarisk Inc. factors receivables with a carrying amount of $242,700 to Joffrey Company for $1/8 The recourse provision has a fair value of $3,390. This transaction should be recorded as a sale. Prepare the appropriate journal entry to record this transaction on the books of Tamarisk Inc. 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. List all debit entries before credit entries) Account Titles and Explanation Debit Credit Tamarisk Inc. factors receivables with a carrying amount of $242,700 to Joffrey Company for $178,900 on a with recourse basis The recourse provision has a fair value of $3.390 This transaction should be recorded as a sale Entry for Prepare the appropriate journal entry to record this transaction on the books of Tamarisk Inc. If no entry is required, select " the account titles and enter O for the amounts Credit account titles are automatically indented when the amount is entered. Do not indent manuelly List of debt entries before credit entries) Account Titles and Explanation Debit Credit 1