20 points: ESTIMATED TIME 10 minutes On April 1, 2023 Accounts receivable in the amount of $700,000 were assigned as collateral to the Banco Americano Compariy by Apollo, Inc., as security for a loanpof $600,000. The bank assessed a 4% finance charge on the face amount of the loan, and the note bears interest at 8% per year. During the month of April. Apollo collected $390,000 on assigned accounts. This amount was remitted to the bank along with one month's interest on the note on May 1,2022. istructions repare all the journal entries for Apollo Inc. associated with the transfer of the accounts receivable, the loan, and the nittance to the bank