Viow Policies Current Attempt in Progress The tralalance before adjustment for the Company shows the followinebitnces De Cr Accounts Recewable 512,700 Allowance for Doubtful Account 2300 Sales 5887.600 Using the data above, give the journal entries required to record each of the following cases. (Exh situation independent) 1. To obtain additional cast, Blue factors without recours 552.400 of accounts receivable with Eaw Finance. The finance charis 10% of the amount factored 2 To obtain a one-year loan at $ 19,500, Blue assigns S 40.500 of specific receivable accounts to BSC Finand The face Using the data above, give the journal entries required to record each of the following cases (Each situation is independent) 1. 2 To obtain additional cash. Blue factors without recourse $ 52.400 of accounts receivable with Easy Finance. The finance charge is 10% of the amount factored To obtain a one-year loan of $ 19,500, Blue assigns $ 40,500 of specific receivable accounts to B&C Financial. The finance charge is 8% of the loan, the cash is received and the accounts turned over to B&C Financial The company wants to maintain the Allowance for Doubtful Accounts at 7% of gross accounts receivable, The company wishes to increase the allowance account by 2% of net sales. 4. (if no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit No. Account Titles and Explanation Debit Credit Credit 1 Cih Lost On Sale of Receivables Accounts Receivable 2 Cash Interest Expense Notes Payable 3 Bed Debt Expense Allowance for Doubtful Accounts Notes Payable 3 Bad Debt Expenser Allowance for Doubtful Accounts 4 Bad Debt Expense Allowance for Doubtful Accounts