Patricia Bucket Company borrowed 5348.500 from VM. H Capital by issuing a 4-year (48 month, note payable Interest is due and payable at the beginning of each month based on the standing balance at the beginning of prior mont. Patrick's assign 425,000 of its accounts receivables coller for the landing arrangement. Al the begining of the next month, Patrics collecte 3114.000 of the receivables and reminul VM Herest Read the resirements Requirementa. Prepare the journal arties to record the landing arrangement. Record debit first, the credits. Exclude explorations from any ouma ties) Patricia's Bucket Company borrowed $348.500 from V.M. Capital by sing a year (48-mor Requirements Account Current Month a. Prepare the journal entries to record the landing argument. b. Prepare the journal entries to record the collection of the receivables and the payment to V.M c. Indicate how accounts receivable would be reported on Patricia's balance sheet at the end of the year. Assume raditional collections of accounts receivable Done