The Fullbright Book Company transferred $100,000 of accounts receivable to the American Trust Bank. American Trust remits 90% of the factored amount and retains 10% (Fullbright estimates the fair value of that 10% to be $7,000). When the bank collects the receivables, it will remit to Fullbright the retained amount less a 1% fee (1% of the total factored amount). Fullbright anticipates a $4,000 recourse obligation. Suppose that the transfer was made without recourse. Prepare the journal entry to record the transfer on the books of Fullbright assuming that the sale criteria are met. Suppose that the transfer was made with recourse. Prepare the journal entry to record the transfer on the books of Fullbright assuming that the "sale" criteria are met