FACTORING

Frog entered into a factoring arrangement with a bank on 1 June 20X6 Receivables of $15 million have been sold, with a cash advance of $13 million being paid to Frog The balance will be paid to Frog when customers pay the bank, subject to a 2% finance charge per month of the net amount owing from customers at the start of the month Any amounts not collected after four months will be returned by the bank to Frog. Which of the following represents the correct Journal to record the transaction on 1 June 20X6 ? a) Debit Bank $15m, Credit Receivables $15m b) Debit Bank $13m Credit Receivables $13m c) Debit Bank $13m Debit Administrative expenses $2m Credit Receivables $15m d) Debit Bank $13m. Credit Loan $13m Hello respected sir!! My confusion about question mention above is that there is mentioning in last line that "Any amounts not collected after four months will be returned by the bank to Frog" so I think it means that this is factoring without recourse and I choose B but CORRECT ANSWER IS D. So how could we identify that it is factoring WITH recourse ?? Please help me in this question.