The following are two independent situations. (a) On March 3, Kitselman Appliances sells $606,000 of its recelvables to Kingbird Inc Kingbird 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 recelvables, (Credit occount titles are outomatically indented when amount is entered. Do not indent manually.). (b) On May 10, Blue Spruce Company sold merchandise for \$6,200 and accepted the customer's America Bank Master Card, America Bank charges a 4% service charge for credit card sales. Prepare the entry on Blue Spruce Company's books to record the sale of merchandise. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)