Bonita Industries assigns 54510000 of its accounts receivables as collateral for a $3.08 million loan with a bank. The bank assesses a 2% finance charge on the loan amount and charges interest on the note at 5% What would be the journal entry to record this transaction? O Debit Cash for $2864400.debit Interest Expense for $215600, and credit Notes Payable for $3080000 O Debit Cash for $1871000, debit Interest Expense for $61600, debit Due from Bank for $1430000, and credit Accounts Receivable for $4510000. O Debit Cash for $3018400, debit Interest Expense for $61600, and credit Accounts Receivable for $3080000 O Debit Cash for $3018400, debit interest Expense for $61600, and credit Notes Payable for $3080000