On October 1,2025, Whispering, Inc. assigns $1,298,500 of its accounts receivable to Metlock National Bank as collateral for a $723,800 note. The bank assesses a finance charge of 4% of the receivables assigned and interest on the note of 10% Prepare the October 1 journal entries for both Whispering and Metlock. (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.)