Presented below is information for Windsor, Inc. for 2017: 1. Beginning-of-the-year Accounts Receivable balance was $185,000. 2. Net sales for the year were $1,525,000. $140,000 of the sales were cash sales. Windsor does not offer cash discounts for early payment. 3. Collections on accounts receivable during the year were $1,327,000. Windsor plans to factor accounts receivable totaling $70,000 at the end of the year. Windsor will transfer the accounts to Herzog Factors, Inc. with recourse. Herzog Factors will retain 4% of the balances for probable adjustments and assesses a finance charge of 6%. The fair value of the recourse obligation is $1,700. Prepare the journal entry to record the sale of the receivables. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit No Entry 0 Accounts Receivable 1525000 DOME Sales Revenue 1525000 Cash 1327000 Accounts Receivable 1327000