On October $1,2025,$ Marigold, Inc. assigns $$1,274,100$ of its accounts receivable to Swifty National Bank as collateral for a $$730,900$ note. The bank assesses a finance charge of $2\%$ of the receivables assigned and interest on the note of $9\%.$

Prepare the October $1$ journal entries for both Marigold and Swifty. $($If no entry is required, select $"$No Entry" for the account titles and enter $0$ 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.$)$