On December 1, 2018, General Male borrowed $420,000 at 8% interest and pledged $520,000 in accounts receivable as collateral. Additionally, General Male was charged a finance fee equal to 3% of the accounts receivable assigned, At the end of December, $320,000 of the assigned receivables were collected and remitted to the lender along with accrued interest. Required: Prepare journal entries to record the borrowing, the assignment of receivables, the collection on the receivables, and the recognition of interest expense