The following are two independent situations. (Ignore cost of goods sold entries.) (a) On March 3, Kitselman Appliances sells $ 690,000 of its receivables to Marigold Inc. Marigold 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 o for the amounts.) Date Account Titles Debit Credit Mar. 3 (b) On May 10, Concord Company sold merchandise for $3,200 and accepted the customer's America Bank MasterCard, America Bank charges a 4% service charge for credit card sales. Prepare the entry on Concord 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 o for the amounts.) Debit Credit Date Account Titles (b) On May 10. Concord Company sold merchandise for $ 3.200 and accepted the customer's America Bank MasterCard. America Bani charges a 4% service charge for credit card sales. Prepare the entry on Concord 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 o for the amounts.) Date Account Titles Debit Credit May 10 eTextbook and Media List of Accounts Save for later Attempts: 0 of 3 used Submit