Assuming That the Transaction Was a Factoring Arrangement Without Recourse,which $\quad$

Assuming that the transaction was a factoring arrangement without recourse,which one of the following entries will Ritter make?

A) DR Cash $\quad$ 100,000
CR Accounts receivable $\quad$ 100,000
B) $\begin{array}{lr}\text { DR Cash } & 94,000 \\\text { DR Loss on sale of receivables } & 6,000\\\text { CR Accounts receivable }&&100,000\end{array}$
C) $\begin{array}{lr}\text { DR Cash } & 94,000 \\\text { DR Allowance for doubtful accounts } & 3,500 \\\text { DR Loss on sale of receivables } & 2,500\\\text { CR Accounts receivable }&&100,000\end{array}$
D) $\begin{array}{lrr}\text { DR Cash } & 94,000 & \\\text { DR Loss on sale of receivables } & 6,000 & \\\text { CR Due to Hisker Enterprises } & & 100,000\end{array}$

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