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Question 27 (3 points) $350,000 of A/R were assigned as collateral for a $300,000 loan. You were charged a 6% commission on the face amount

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Question 27 (3 points) $350,000 of A/R were assigned as collateral for a $300,000 loan. You were charged a 6% commission on the face amount of the loan and the note bears interest at 5%/year. The entry to record the assignment would properly include: ho A loss of $18.000 Interest expense of $21,000 A loss of $21.000 Interest expense of $18.000

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