please full calculation and explanation

Moonbeam Ltd. assigned some of their accounts recei Ltd. assigned some of their accounts receivable to Sunbright Finance Company, as s security for a loan. Other details about the financing transaction are as follows: $ 385,591 Face amount of loan Commission charged by Sunbright on the face of the loan Loan interest rate Amount of assigned accounts receivable collected in the first month following the receipt of the loan proceeds 7% $ 231,355 The amount of assigned accounts receivable collected in the month following receipt of the loan proceeds was paid to the finance company, along with one month's interest on the note. Required: Prepare the required journal entries on Moonbeam's books related to each of the following: a) the assignment of accounts receivable and receipt of loan proceeds; b) the receipt of cash from the assigned accounts receivable; and c) the payment to the finance company