A Company Sold $10,000 of Its Accounts Receivable and Was

A Company sold $10,000 of its accounts receivable and was charged a 2% factoring fee. How should the company record this transaction in the journal?

A) $$\begin{array} { | c | r | r | } \hline \text { Cash } & 9,800 & \\\hline \text { Factoring Fee Expense } & 200 & \\\hline \text { Accourts Receivable } & & 10,000 \\\hline\end{array}$$
B) $\begin{array}{|c|r|r|}\hline \text { Cash } & 10,000 & \\\hline \text { Accounts Receivable } & & 10,000 \\\hline\end{array}$
C) $\begin{array}{|l|r|r|}\hline \text { Cash } & 10,000 & \\\hline \text { Factoring Fee Expense } & & 200 \\\hline \text { Accounts Receivable } & & 9,800 \\\hline\end{array}$
D) $$\begin{array} { | l | r | r | } \hline \text { Accounts Receivable } & 10,000 & \\\hline \text { Factoring Fee Expense } & & 200 \\\hline \text { Cash } & & 9,800 \\\hline\end{array}$$
E) $\begin{array}{|l|r|r|}\hline \text { Accounts Receivable } & 9,800 & \\\hline \text { Factoring Fee Expense } & 200 & \\\hline \text { Cash } & & 10,000 \\\hline\end{array}$