Prepare the entry to record this sale in Nevada's journal. If an amount box does not require an entry, leave it blank.Amounts realized from the sale of an account receivable. •. An accounts receivable purchase agreement is a legally binding contract that governs the purchase of accounts receivable between parties in a specific location. What is Accounts Receivable Factoring? Open the account in the State of Nevada's name. View and manage your accounts any where, anytime. Nevada records sales at gross. Determine if there is concentration in a few accounts. Use the sales form when you have already received payment (COD).