Trevino Company has decided to factor its accounts receivable in order to get the immediate receipt of cash. The journal entry to record the factoring of the receivables would include:

Select one:

a.a debit to Cash, debit to Financing Expense and credit to Accounts Receivable

b.a debit to Accounts Receivable and a credit to Cash

c.a debit to Cash, credit to Interest Revenue and credit to Accounts Receivable

d.a debit to Cash and a credit to Accounts Receivable