Coronado Incorporated factored $146,800 of accounts receivable with Whispering Factors Inc. on a without-recourse basis. Whispering assesses a 3% finance charge of the amount of accounts receivable and retains an amount equal to 7% of accounts receivable for possible adjustments. Prepare the journal entry for Wood Incorporated and Engram Factors to record the factoring of the accounts receivable to Engram.