The trial balance before adjustment for Ivanhoe Company shows the following balances. Dr. Cr. $83.100 Accounts Receivable Allowance for Doubtful Accounts Sales Revenue 2,830 $445.900 1. Using the data above, give the journal entries required to record each of the following cases. (Each situation is independent.) To obtain additional cash, Ivanhoe factors without recourse $27.200 of accounts receivable with Stills Finance. The finance charge is 11% of the amount factored. To obtain a 1-year loan of $63.900, Ivanhoe pledges $66,500 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. The company wants to maintain the Allowance for Doubtful Accounts at 5% of gross accounts receivable. Based on an aging analysis, an allowance of $5.231 should be reported. Assume the allowance has a credit balance of $1.100. 2. 3. 4. of no entry is required, select "No Entry" for the account titles and enter 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 2 3 4