On October 1, 2017, Vaughn, Inc. assigns $1,197,900 of its accounts receivable to Bramble National Bank as collateral for a $747,700 note. The bank assesses a finance charge of 4% of the receivables assigned and interest on the note of 9%. Prepare the October 1 journal entries for both Vaughn and Bramble. (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.)