The trial balance before adjustment for Vaughn Company shows the following balances. Dr. Cr. Accounts Receivable $ 124,500 Allowance for Doubtful Accounts 1,400 Sales $ 955,400 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, Vaughn factors without recourse $ 53,800 of accounts receivable with Easy Finance. The finance charge is 10% of the amount factored. 2. To obtain a one-year loan of $ 19,800, Vaughn assigns $ 41,000 of specific receivable accounts to B&C Financial. The finance charge is 9% of the loan; the cash is received and the accounts turned over to B&C Financial. 3. The company wants to maintain the Allowance for Doubtful Accounts at 6% of gross accounts receivable. 4. The company wishes to increase the allowance account by 2% of net sales. (If no entry is required, select "No Entry" for the account titles and enter Ofor 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. 3. 4