Financing Expenses Jada Co. borrows $100,000 on January 1 from NorthEast Bank at a 12% interest rate. Jada assigned $140,000 of its accounts receivable as collateral, and agreed to pay a financing fee of 2% of accounts receivable assigned. On January 1, Jada's accounting for this transaction will include: a. Debit to cash for $100,000 ob. Debit to cash for $97,200 c. Debit to finance expense of $2,000 d. Debit to finance expense of $1,000