The trial balance before adjustment for Kelly Company shows the following balances. Debits Accounts Receivable $132,000 Allowance for Doubtful Accounts Sales Instructions Credits 6,000 $980,000 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, Kelly factors (sold) without recourse $72,000 of accounts receivable with Easy Finance. The finance charge is of the amount factored. 6% 2 To obtain a one-year loan of $92,000 Kelly assigns $105,000 of specific receivable accounts to B&C Financial. The finance charge is 5% of the loan; the cash is received and the accounts turned over to B&C Financial.