The trial balance before adjustment for Crane Company shows the following balances. Dr. Cr. Accounts Receivable $82,300 Allowance for Doubtful Accounts 3,700 Sales Revenue $467,700 Using the data above, give the journal entries required to record each of the following cases. (Each situation is independent) 1 2 To obtain additional cash, Crane factors without recourse $21.500 of accounts receivable with Stills Finance. The finance charge is 12% of the amount factored To obtain a 1-year loan of $64,600, Crane pledges $67,200 of specific receivable accounts to Crosby Financial. The finance charge is 8% 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 5% of gross accounts receivable 4. Based on an aging analysis, an allowance of $5,318 should be reported. Assume the allowance has a credit balance of $1,175 (If no entry is required, select "No Entry" for the account titles and enter 0 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 Debit Credit