Gruodis Project INSTRUCTIONS FOR THE TASK Use the following guidelines to complete the task SUB-TASK ONE 1 Viata siness enterprise in your vicinity and design a ques conduct a research and respond to the following SUB-TASK TWO 2 Elaborate on problems experienced by the business you visite used to solve those problems SUB-TASK THREE 3 Complea SWOT analysis of a business you visited SUB-TASK FOUR​

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.