Ex. 3-Accounts receivable assigned Accounts receivable in the amount of $350,000 were assigned to the Fast Finance Company by Marsh, Inc., as security for a loan of $300,000. The finance company charged a 4% commission on the face amount of the loan, and the note bears interest at 9% 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. Instructions Make all the entries for Marsh Inc. associated with the transfer of the accounts receivable, the loan, and the remittance to the finance company. Ex. 4-Factoring Accounts Receivable. On May 1, Dexter, Inc. factored $900,000 of accounts receivable with Quick Finance on a without recourse basis. Under the arrangement, Dexter was to handle disputes concerning service, and Quick Finance was to make the collections, handle the sales discounts, and absorb the credit losses. Quick Finance assessed a finance charge of 6% of the total accounts receivable factored and retained an amount equal to 2% of the total receivables to cover sales discounts. Instructions (a) Prepare the journal entry required on Dexter's books on May 1 (b) Prepare the journal entry required on Quick Finance's books on May1 (c) Assume Dexter factors the $900,000 of accounts receivable with Quick Finance on a with recours basis instead. The recourse provision has a fair value of $14,000. Prepare the journal entry required on Dexters books on May 1 Ex. 5 -Discount of Note Receivable Sutherland Corporation sold goods to Rice Decorators for $50,000 on September 1, 2018, accepting Rice's S50.000, 6-month, 6% note. Instructions (a) Prepare Sutherland's September 1 entry, December 31, annual adjusting entry, and March 1 entry for the collection of the note and interest (b) Assume Sutherland's discount the note to Bank of America on December 1, at 10% (discount interest), prepare the entry to record discount of the