Windsor Corp. factors $390,000 of accounts receivable with Sheridan Finance Corporation on a without recourse basis on July 1. 2025. The receivables records are transferred to Sheridan Finance, which will receive the collections. Sheridan Finance assesses a finance charge of 1.80% of the amount of accounts receivable and retains an amount equal to 5% of accounts receivable to cover sales discounts, returns, and allowances. The transaction is to be recorded as a sale. (a) Your answer is partially correct. Prepare the journal entry on July 1, 2025, for Windsor Corp. to record the sale of receivables without recourse. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indeated when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation July 1, Accounts Receivable 2025 Cash Due to Customer Interest Revenue Debit 390000 Credit 363480 19500 7020