Concord Incorporated factored $126,900 of accounts receivable with Marigold Factors Inc. on a without-recourse basis. Marigold 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 Concord Incorporated and Marigold Factors to record the factoring of the accounts receivable to Marigold