Vaughn Furniture factors 30000 of receives to Pina Colada Factors, Inc. Pina Colada factors as a service charge on the amount of receivables sold Vaughn Furniture factors receivables regularly with Pina Colada Factors. What journal entry does Vaughn make when factoring these receivables? 430000 Cash Accounts Receivable 50500 31500 Gain one of Receivables 598500 31500 Loss on sale of Receivables Accounts Receivable 30000 598500 Service Charge Expense Accounts receive 030000 598500 Accounts Receivable