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Recording the sale of Accounts Receivable Without Recourse On April 1, 2020, DOS Company sold $20,000 accounts receivable to PS2 Finance Company to obtain immediate cash. The related allowance for doubtful accounts was $800. The financial agreement specified a price of $16,000 on a without-recourse basis. Prepare the journal entry for DOS Company to sell the accounts receivable. Note: If a line in the journal entry isn't required for the transaction, select "N/A" as the account name and leave the Dr. and Cr. answers blank(zero) Account Name Dr. Cr. Cash 0 0 Allowance for Doubtful Accounts 0 0 0 0 0 0 20,000