10 On June 30, 2021, the High Five Surfboard Company had outstanding accounts receivable of $570,000 on July 1 2021 the company borrowed $520,000 from the Equitable France Corporation and signed a promissory note. Interest at 10% is payable monthly The company assigned specific receivables totaling 5670.000 es collateral for the loan. Equitable Finance charges a finance fee equal to 16% of the accounts receivable assigned 10 Required: Prepare the journal entry to record the borrowing on the books of High Five Surfboard or no entry is required for a transaction event, select "No jumal entry required in the first account field) Journal entry worksheet Becord the brown