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Presented below are two independent situations. (a) On March 3, Kitselman Appliances sells $723,600 of its receivables to Pina Inc. Pina assesses a finance charge

Presented below are two independent situations. (a) On March 3, Kitselman Appliances sells $723,600 of its receivables to Pina Inc. Pina assesses a finance charge of 3% of the amount of receivables sold. Prepare the entry on Kitselman Appliances' books to record the sale of the receivables. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles Debit Credit Mar. 3 e Textbook and Media

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