The trial balance before adjustment for Kingbird Company shows the following balances. Dr. Cr. Accounts Receivable $84,500 Allowance for Doubtful Accounts 3,500 Sales Revenue $478,400 Using the data above, give the journal entries required to record each of the following cases. (Each situation is independent.) 1. 2. 3. 4. To obtain additional cash, Kingbird factors without recourse $26,800 of accounts receivable with Stills Finance. The finance charge is 11% of the amount factored. To obtain a 1-year loan of $59,200, Kingbird pledges $65,000 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. The company wants to maintain Allowance for Doubtful Accounts at 5% of gross accounts receivable. Based on an aging analysis, an allowance of $5,618 should be reported. Assume the allowance has a credit balance of $1,081. (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