The trial balance before adjustment for Larkspur Company shows the following balances. Dr. Cr. Accounts Receivable $83,600 Allowance for Doubtful Accounts 2,820 Sales Revenue $434,700 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, Larkspur factors without recourse $26,900 of accounts receivable with Stills Finance. The finance charge is 11% of the amount factored. 2. To obtain a 1-year loan of $64,700, Larkspur assigns $72,500 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 $5,818 should be reported. Assume the allowance has a credit balance of $1,162.