View Policies Current Attempt in Progress Buffalo Woodcrafters sells $235,100 of receivables to Commercial Factors, Inc. on a with recourse basis. Commercial assesses a finance charge of 6% and retains an amount equal to 5% of accounts receivable. Buffalo estimates the fair value of the recourse liability to be $8,660. Prepare the journal entry for Buffalo to record the sale. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation eTextbook and Media List of Accounts Debit Credit