On April 1, 2025, Shetheld Company assigns $506,200 of its accounts recelvable to the Third National Bank as collateral for a $327,200 loan due July 1, 2025. The assignment agreement calls for Sheffield to continue to collect the receivables. Third National Bank assesses a finance charge of 2% 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, joumal entry for Sheffield Compary. (If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually, List all debit entries before credit entries) On July 1, 2025, Sheffield paid Third National all that was due from the loan it secured on April 1, 2025. Prepare the journal entry to record this payment. (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.) On April 1, 2025, Sheffieid Company assigns $506,200 of its accounts receivable to the Third National Bank as collateral for a $327,200 loan due July 1, 2025. The assignment agreement calls for Sheffield to continue to collect the receivables. Third National Bank assesses a finance charge of 2% of the accounts receivable, and interest on the loan is 10% (a realistic rate of interest for a note of this type)