Question 3 (0 points) The following transactions occurred for PC Inc. during the month of July 2021: Date Transaction Description July 1 PC Inc. assigned $545,900 of its accounts receivable to A&A Company as security for a loan in the amount of $418,000. A&A Company charged 2% of the loan amount as a commission. The loan bears interest at a rate of 9%. July 28 PC Inc. collected $300,245 of the assigned accounts. July 29 PC Inc. wrote off a $1,600 assigned account as a bad debt. PC Inc. uses the allowance method to account for its receivables. July 31 PC Inc. paid A&A Company the amount collected from customers on July 28. plus interest for the month of July on the loan. Required: Prepare journal entries for each of the above transactions for PC Inc