Adjustments for sale of account receiveables with recourse

Hi all, What are all the adjustments done on all the financial statements that would require adjustments when a company has sold A/R with recourse? Thanks S

increase CL and CA by the amount sold, and the difference gets charged to IE, I believe that is how it’s done by not 100% could someone verify pls?

What happens to the cash that I got for selling A/R?