Question: Please fill out every single box completely View Policies Current Attempt in Progress On October 1, 2020, Marigold, Inc. assigns $1,274,100 of its accounts receivable

Please fill out every single box completely

View Policies Current Attempt in Progress On October 1, 2020, Marigold, Inc. assigns $1,274,100 of its accounts receivable to Swifty National Bank as collateral for a $730,900 note. The bank assesses a finance charge of 2% of the receivables assigned and interest on the note of 9%. Prepare the October 1 journal entries for both Marigold and Swifty. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Marigold, Inc. Oct. 1 Swifty National Bank Oct. 1

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