Beech Co. purchased a trade invoice with a face amount of $50,000 and charged a 20% factoring fee*. The trade invoice was 20 days past due at the date of purchase, and the selling company had recorded a related allowance for credit losses of $4,000 prior to the sale. Beech estimates its allowance for credit losses based on an expected credit loss rate of 7%*. What journal entry should Beech record for the purchase of the receivables