Oriole Company finances some of its current operations by assigning accounts receivable to a finance company. On July $1,2025,$ it assigned, under guarantee $($with recourse$),$ specific accounts amounting to $$450,000.$ The finance company advanced to Oriole $80\%$ of the accounts assigned $(20\%$ of the total to be withheld until the finance company has made its full recovery$),$ less a finance charge of $0\mathrm{.}40\%$ of the total accounts assigned.

On July $31,$ Oriole Company received a statement that the finance company had collected $$240,000$ of these accounts and had made an additional charge of $0\mathrm{.}40\%$ of the total accounts outstanding as of July $31.$ This charge is to be deducted at the time of the first remittance due Oriole Company from the finance company. $($Hint: Make entries at this time.$)$ On August $31,2025,$ Oriole Company received a second statement from the finance company, together with a check for the amount due. The statement indicatedhat the finance company had collected an$\text{'}$ additional $$150,000$ and had made a further charge of $0\mathrm{.}40\%$ of the balance outstanding as of August $31.$Hi