On October 1, 2022, Blue Group assigns 1,068,100 of its accounts receivable to Kingbird 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, 2022, journal entries for both Blue and Kingbird. (If no entry is required, select "No Entry" for the account titl and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)