On April 1, 2020, Sage Company assigns $524,600 of its accounts receivable to the Third National Bank as collateral for a $336,000 loan due July 1, 2020. The assignment agreement calls for Sage to continue to collect the receivables. Third National Bank assesses a finance charge of 4% 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 Sage 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 Debit Credit