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Prepare journal entries for Vaughn Co. for: (a) Accounts receivable in the amount of $ 1,860,000 were assigned to Utley Finance Co. by Vaughn as security for a loan of $ 1,612,000. Utley charged a 3% commission on the accounts; the interest rate on the note is 12%. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Save for Later Attempts: 0 of 1 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (C) The parts of this question must be completed in order. This part will be available when you complete the part above