Question 6 of 6 It no eniry is required, a lect "No Entry" for the account tities and enter o for the amaints credit account titior are No. Account Trues and Explanation \begin{tabular}{l} besit \\ \\ 2060 \\ \hline \end{tabular} Credit. 2. cin hnantimante: 3. Pintrimdions xicient efoctiook and Mediz Iitat Arrounts The trial balance before adjustment for Blossom Cornpany shows the following balances. Using the data above, give the journal entries required to record eachof the following cases (Each situation is independent) charne is 10% of the amount factored. 2 Toobtain a t-year loan of $59,400, Blosson pledges $71,800 of specific recervabie accounts to Crolby Financlat The finance charge is 9% of the loary the cash is recelved and the accounts turned over to Crosby Finuncial. 3. The company wants to maintain Allowance for Doubtful Accounts at 6 S of gross accounts rececratile: 4. Based on an aging analysis, an allowance of $6,306 should be reported. Aswime the allowance tas a creda balance of $1,07 a Iif no entry is required, select "No Entry* for the occount titles and enter o for the amounts. Credit account titlei ore Current Attempt in Progress \begin{tabular}{|c|c|c|} \hline & De: & cr. \\ \hline Accoonts Peceivable & 883,000 & \\ \hline Allowance for Doubtiul Accounts & 2.140 & \\ \hline Siles Revenue. & & 547,700 \\ \hline \end{tabular} No. Account rites and Fiplanation. behis crodtt if 1con