Pathp Words: QUESTIONS Prepare the following 3 journal entries for Mars Co: #1 Accounts receivable in the amount of $1,500,000 were assigned to Untimely Finance Co. by Mars as security for a loan of $1,300,000 Untimely charged a 3% commission on the accounts; the interest rate on the note is 12% #2 During the first month, Mars collected $600,000 on assigned accounts. #3 The following month Mars made a payment on the note based on the above accounts receivable collections. Record payment of the note and interest TT T Arial 3 (120) T. Pan P Words QUESTION 6 On December 31, 2019. Green Company finished consulting services for a client and accepted in exchange a promissory note with a face value of 5800.000, a due date of December 31, 2022. and a stated rate of 5%, with interest receivable at the end of each year. The fair value of the