On April 1, 2025, Oriole Company assigns $543,900 of its accounts receivable to the Third National Bank as collateral for a $313,200 loan due July 1, 2025. The assignment agreement calls for Oriole 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, 2025, journal entry for Oriole 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. List all debit entries before credit entries.) Date Apr. 1, 2025 Account Titles and Explanation Notes Payable Interest Expense Cash Debit Credit

On April 1, 2025, Oriole Company assigns $543,900 of its accounts receivable to the Third National Bank as collateral for a $313,200 loan due July 1,2025. The assignment agreement calls for Orlole to continue to colfect the recelvables. 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 1,2025, journal entry for Oriole Company. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account tities are automatically indented when the amount is entered. Do not indent manually. List all debit entries beforecredit entries.)