Presented below are two independent situations:

1. On March 3, Soyka Appliances sells \(\$ 900,000\) of its receivables to Potter Factors Inc. Potter Factors Inc. assesses a finance charge of \(3 \%\) of the amount of receivables sold. Prepare the entry on Soyka Appliances' books to record the sale of the receivables.

2. On May 10, Monee Company sold merchandise for \(\$ 3,000\) and accepted the customer's First Business Bank MasterCard. At the end of the day, the First Business Bank MasterCard receipts were deposited in the company's bank account. First Business Bank charges a \(4 \%\) service charge for credit card sales. Prepare the entry on Monee Company's books to record the sale of merchandise.