The Mountain High Ice Cream Company transferred $50,000 of accounts receivable to Prudential Bank. The transfer was made without resource. Prudential Bank remits 90% of the factored amount to Mountain High and retains 10%. When the bank collects the receivables, it will remit to Mountain High the retained amount less a 2% fee (2% of the total factored amount). Prepare the journal entry to record the transfer on the books of Mountain High assuming that the sale criteria is met.