On April 1, 2020, Sheridan Company assigns $536,700 of its accounts receivable to the Third National Bank as collateral for a $304,800 loan due July 1, 2020. The assignment agreement calls for Sheridan to continue to collect the receivables. 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 Sheridan Company. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Apr. 1.2020