The trial balance before adjustment for Grouper Company shows the following balances. Dr. Cr. Accounts Receivable $83,000 Allowance for Doubtful Accounts 2,140 Sales Revenue $477,700 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, Grouper 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, Grouper assigns $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 the 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 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2. 3. 4.