RULJLIUI JUL 14 = View Policies Current Attempt in Progress Marin Incorporated factored $124,300 of accounts receivable with Headland Factors Inc. on a without-recourse basis. Headland assesses a 2% finance charge of the amount of accounts receivable and retains an amount equal to 5% of accounts receivable for possible adjustments. Prepare the journal entry for Marin Incorporated and Headland Factors to record the factoring of the accounts receivable to Headland. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) No. Account Titles and Explanation Debit Credit Marin 1