Exercise 8-9 Presented below are two independent situations. On March 3 tselman Appliances sells 743 700 of its eceivables to Novak Inc. Novak assesses a finance charge of of the amount of receivables sold. Prepare the entry on Kitselman Appliances' books to record the sale of the receivables (Cr dit account titles are automatically indented when amount is entered. Do not indent manualy.) Account Titles Debit Mar. 3 bookstore ord he sale ofrme a se o t t of sa es prepare t e entry on Fil more Company on May 10 Fi more Company sold er handise or $3,000 and acce ted the custom er s mer ca Bank MasterCard A me ca Bank charges a 4%, se goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not Indent manually.) ce change o cre ca M Iitles Debit Credit Account Titles May 10