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waterway ndustries assigns $457000 of its accounts recevables as collateral for a s3.14 million loan with a bank. The bank assesses a 4% would be the journal entry to record this transaction? ance charge on the oar a mount and charges inte esto the note at y what Debit Cash for $1876900, debit Interest Expense for $125600, debit Due from Bank for $1430000, and credit Accounts Receivable for $4570000. Debit Cash for $3014400, debit Interest Expense for $125600, and credit Notes Payable for $3140000 Debit Cash for $3014400, debit Interest Expense for $125600, and credit Accounts Receivable for $3140000. Debit Cash for $2826000, debit Interest Expense for $314000, and credit Notes Payable for $3140000 O