(a) Accounts receivable in the amount of $1,380,000 were assigned to Utley Finance Co. by Coronado as security for a loan of $1,196,000. Utley charged a 3% commission on the accounts; the interest rate on the note is 12%. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Cash 1154600 Office Expense 41400 Notes Payable 1196000