Current Attempt in Progress On April 1, 2020, Ivanhoe Company assigns $514,300 of its accounts receivable to the Third National Bankeral for a $304,800 loan due July 1, 2020. The assignment agreement calls for Ivanhoe to continue to collect the receivabies. Third National Bank assesses a finance charge of 3% of the accounts receivable, and interest on the loan is 10% (a realistic rate of interest for a note of this type). (a) Prepare the April 1, 2020, journal entry for Ivanhoe Company. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Apr. 1. 2020 eTextbook and Media Debit Credit