On October 1,2025 , Wildhorse Inc. assigns $2,020,000 of its accounts receivable to Novak National Bank as collateral for a $1,520,000 note. The bank assesses a finance charge of 2% of the receivables assigned and interest on the note of 7%. Prepare the October 1 journal entries for both Wildhorse and Novak. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Nccount Titles and Explanation Debit Credit Wildhorse, Inc: Accounts Receivable Novak National Bank