Waterway Incorporated factored $139,200 of accounts receivable with Wildhorse Factors Inc. on a without-recourse basis. Wildhorse assesses a 3% finance charge of the amount of accounts receivable and retains an amount equal to 5% of accounts receivable for possible adjustments. Prepare the journal entry for Waterway Incorporated and Wildhorse Factors to record the factoring of the accounts receivable to Wildhorse. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically Indented when the amount is entered. Do not indent manually)