The following are two independent situations. $($Ignore cost of goods sold entries.$)$

$($a$)$

On March $3,$ Kitselman Appliances sells $$677,000$ of its receivables to Bramble Inc. Bramble 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 receivables. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date

Account Titles

Debit

Credit

Mar. $3$

$$

$$

$$

$$

$$

$($b$)$

On May $10,$ Pina Colada Company sold merchandise for $$9,400$ and accepted the customer's America Bank MasterCard. America Bank charges a $2\%$ service charge for credit card sales. Prepare the entry on Pina Colada Company's books to record the sale of merchandise. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$