Blent Blenty needed additional cash to finance a new factory building valued at $$250,000.$ In using his A$/$R of $$300,000.$

$1.$ What are the entry if Blent Blenty assigned A$/$R valued at $50\%$ and gave a promissory note for the balance to the Royal Bank of Canada at November $15,2019?$ The finance charge is $10\%.$

a$.$ What is the entry if customers paid the $40\%$ of the note on December $15,2019$

$2.$ What is the entry if Blent Blenty factored A$/$R valued at $50\%$ and gave a promissory note for the balance to the Royal Bank of Canada at November $15,2019?$