Accounts receivable in the amount of $720,000 were assigned to the Fast Finance Company by Marsh, Inc., as security for a loan of $370,000. The finance company assessed a 8% finance charge on the face amount of the loan, and the note bears interest at 4% per year. During the first month, Marsh collected $230,000 on assigned accounts. This amount was remitted to the finance company along with one month's interest on the note. Make all the entries for Marsh Inc. associated with the transfer of the accounts receivable, the loan, and the remittance to the finance company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.)

Account Titles and Explanation	Debit	Credit

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List of Accounts

• Accounts Payable
• Accounts Receivable
• Advertising Expense
• Allowance for Doubtful Accounts
• Bad Debt Expense
• Cash
• Cash Over and Short
• Due from Factor
• Due to Customer
• Discount on Notes Payable
• Discount on Notes Receivable
• Freight-In
• Freight-Out
• Gain on Disposal of Land
• Interest Expense
• Interest Payable
• Interest Receivable
• Interest Revenue
• Inventory
• Land
• Loss on Sale of Receivables
• Miscellaneous Expenses
• No Entry
• Notes Payable
• Notes Receivable
• Office Expense
• Owner's Drawings
• Petty Cash
• Postage Expense
• Purchase Discounts
• Recourse Liability
• Sales Discounts
• Sales Discounts Forfeited
• Sales Returns and Allowances
• Sales Revenue
• Service Revenue
• Supplies
• Supplies Expenses
• Unearned Sales Revenue