Please record Assignment of Accounts Receivable based on data below:
Feb. 28
1. Record purchase of		110,000.00	inventory on account
2. Sell inventory for		250,000.00	on account
COGS	100,000
1-Mar
3. Assign	175,000.00	in receivables, discount rate		0.30
fee	0.08	Monthly interest		0.04
4. Settle trade accounts payable of		110,000.00	in full
31-Mar
5. Record receipt of		60,000.00	cash
Adjust assigned receivables and make payment to lender
30-Apr
6. Record receipt of		50,000.00	cash
Adjust assigned receivables and make payment to lender
31-May
7. Record receipt of		35,000.00	cash
Adjust assigned receivables and make payment to lender