The trial balance before adjustment for Blossom Company shows the following balances. Using the data above, give the journal entries required to record each of the following cases. (Each situation is independent.) 1. To obtain additional cash, Blossom factors without recourse $26,900 of accounts receivable with Stills Finance. The finance charge is 10% of the amount factored. 2. To obtain a 1-year loan of $59,400, Blossom pledges $71,800 of specific receivable accounts to Crosby Financial. The finance charge is 9% of the loan; the cash is received and the accounts turned over to Crosby Financial. 3. The company wants to maintain Allowance for Doubtful Accounts at 6% of gross accounts receivable. 4. Based on an aging analysis, an allowance of $6,306 should be reported. Assume the allowance has a credit balance of $1,078. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) No. Account Titles and Explanation 1. Cash Accounts Receivable 2. Cash 3. Bad Debt Expense Allowance for Doubtful Accounts 4. Bad Debt Expense Allowance for Doubtful Accounts Debit