On October 1, 2020, Pina, Inc. assigns $1,068,100 of its accounts receivable to Grouper National Bank as collateral for a $730,700 note. The bank assesses a finance charge of 3% of the receivables assigned and interest on the note of 8%. Prepare the October 1 journal entries for both Pina and Grouper. (If no entry is required, select "No Entry" for the account titles and entero for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Pina. Inc Debit Credit Oct. 1 Grouper National Bank Oct 1