balance at the beginning of the month. HGt assigns $850,000 of its pocounts recelvable as coliateral for the lending arrangernent. Assurne that during the first month after the finanoing is completed, Kitt collects $250,000 of the assigned aocounts receivable. Katt remits the amount to Neville Capilta along with the paymert of 1 monith's intereat. Prepare the journal entries to record the cash collection on the reocivables and payment to Neville