The trial balance before adjustment for Martinez Company shows the following balances. BACK Dr. Cr. Accounts Receivable Allowance for Doubtful Accounts Sales Revenue $86,400 2,450 $462,200 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, Martinez factors without recourse $22,300 of accounts receivable with Stilis Finance. The finance charge is 12% of the amount factored 2. To obtain a 1-year loan of $60,800, Martinez assigns $71,300 of specific receivable accounts to Crosby Financial. The finance charge is 8% of the loan received and the accounts turned over to Crosby Financial. , the cash is 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 $5,749 thould be reported. Assume the allowance has a credit balance of $1.149. (It 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 Explan 1. Debit Credit 2. 3