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Sunland paid to Utley the amount collected plus 1 month's interest on the note. (Credit occount titles are automatically indented when the amount is entered. Do not indent manuslly List ofl debit entries before credit entries.) Prepare journal entries for the following transactions of Sunland Co.: (a) Accounts receivable in the amount of $1,800,000 were assigned to Utley Finance Co. by Sunland as security for a loan of $1,560,000. Utley charged a 3% commission on the accounts; the interest rate on the note is 12%. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) During the first month, Sunland collected $720,000 on assigned accounts after deducting $1,680 of discounts. Sunland wrote off a $1,920 assigned account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) (c) Sunland paid to Utley the amount collected plus 1 month's interest on the note. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries)