Information on Janut Corp., which reports under ASPE, follows:

July 1		Janut Corp. sold to Harding Ltd. merchandise having a sales price of $9,000, terms 3/10, n/60. Ignore cost of goods sold entry.
3		Harding Ltd. returned defective merchandise having a sales price of $700. The merchandise was not saleable and was scrapped.
5		Accounts receivable of $19,000 (gross) are factored with Jackson Credit Corp. without recourse at a financing charge of 9%. Cash is received for the proceeds and collections are handled by the finance company.
9		Specific accounts receivable of $15,000 are pledged to Landon Credit Corp. as security for a loan of $11,000 at a finance charge of 3% of the loan amount plus 9% interest on the outstanding balance. Janut will continue to make the collections. All the accounts receivable pledged are past the discount period and were originally subject to a 2% discount.
Dec. 29		Harding Ltd. notifies Janut that it is bankrupt and will be able to pay only 10% of its account. Give the entry to write off the uncollectible balance using the allowance method.

A) Would your treatment of the July 5 transaction change if Janut reported under IFRS? If yes, how?

B) What if the receivables factored on July 5 were with recourse? Would your answer change if Janut reported under IFRS or ASPE?