The following are two independent situations. (Ignore cost of goods sold entries.) (a) On March 3, Kitselman Appliances sells $ 782,000 of its receivables to Pina Colada Inc. Pina Colada assesses a finance charge of 1% 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 for the amounts.) Date Account Titles Debit Credit Mar. 3 (b) On May 10, Tamarisk Company sold merchandise for $4,600 and accepted the customer's America Bank MasterCard. America Bank charges a 4% service charge for credit card sales. Prepare the entry on Tamarisk 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 for the amounts.) Date Account Titles Debit Credit May 10