On June 30, 2024, the High Five Surfooard Company had outstanding accounts receivable of $610.000. On July 1, 2024, the company borrowed $460,000 from the Equitable Finance Corporation and signed a promissory note. Interest at 12% is payable monthly. The company assigned specific receivables totaling $610,000 as colloteral for the loan. Equitable Finance charges a finance fee equal to 1.7% of the accounts recelvable assigned. Required: Prepare the journal entry to record the borrowing on the books of High Five Surfooard. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet