2 Question 1 (1 point) Use the following information for the next three questions. On April 1, 2020, Ibrahim Corporation assigns $400,000 of its accounts receivable to First National Bank as collateral for a $200,000 loan that is due July 1, 2020. The assignment agreement calls for Ibrahim to continue to collect the receivables. First National Bank assesses a finance charge of 3% of the accounts receivable, and interest on the loan is 10%, a realistic rate for a note of this type. Prepare the April 1, 2020 journal entry for Ibrahim Corporation. 15 Question 2 (1 point) Prepare the journal entry for Ibrahim's collection of $350.000 of the accounts receivable during the period April 1 to June 30, 2020 SAMSUNG