help with the blank ones please

Chapter g.2 bles Selling Receivables labor mensme, los of geope Why? Cash money 2 less Collection burden 3 bester astomer Service Record the Delane Hardware sale of s40,000 of its A/R to a factor (finance company or bank) with a 4% factoring fee 38,400 Cash tactoring Fee Exp. 1,600 bre 47o 40,000 A/R $75,000 40 000 35,000 Pledging Receivables -Why? Record the Delane Hardware pledge of $25,000 of its A/R as security for a s20,000 loan What written note must be included in the financial statements