Marigold Incorporated factored $$134,700$ of accounts receivable with Swifty Factors Inc. on a without$-$recourse basis. Swifty assesses a $2\%$ finance charge of the amount of accounts receivable and retains an amount equal to $6\%$ of accounts receivable for possible adjustments.

Prepare the journal entry for Marigold Incorporated and Swifty Factors to record the factoring of the accounts receivable to Swifty. $($If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$