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Windsor incorporated factored $139,800 of accounts receivable with Sheridan Factors Inc- ona without-recourse basis, Sheridan assesses a 396 finance charge of the ampunt of accounts

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Windsor incorporated factored $139,800 of accounts receivable with Sheridan Factors Inc- ona without-recourse basis, Sheridan assesses a 396 finance charge of the ampunt of accounts receivable and retains an amount equal to 6% of accounts receivable for possible adjustments. Prepare the joumal entry for Windsor incorporated and Sheridan Factors to record the factoring of the accounts receivable to Sheridan. Of no entry is required, select "No Entry" for the acoount tities and enter O for the anounts Credle account titles are outomatically Indented when the amount is entered Do not indent manuab x List all debit entries before credit entries)

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