Use the information for Landstalker Enterprises in BE7-18 and assume instead that the receivables are sold with

Question:

Use the information for Landstalker Enterprises in BE7-18 and assume instead that the receivables are sold with recourse. Prepare the journal entry for Landstalker to record the sale, assuming the recourse obligation has a fair value of $9,000 and that Landstalker follows ASPE.