The confusing part about this is why the entire 336,000 isnt placed into the cash account. If they received $336,000 cash, why didn't they put the entire amount into the cash account?

On April 1,2025, Concord Company assigns $524,600 of its accounts receivable to the Third National Bank as collateral for a $336,000 loan due July 1, 2025. The assignment agreement calls for Concord to continue to collect the receivables. Third National Bank assesses a finance charge of 4% of the accounts receivable, and interest on the loan is 10% (a realistic rate of interest for a note of this type). Cash=($336,000$20,984)=$315,016InterestExpense=$524,6000.04=$20,984