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The trial balance before adjustment for Blue Company shows the following balances. Dr. Cr. $ 124,700 Accounts Receivable Allowance for Doubtful Accounts Sales 2.300 $ 887,600 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. 3. 4 (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.) No. Account Titles and Explanation Debit Credit 1 4. The company wishes to increase the allowance account by 2% of net sales. 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.) Debit Credit No. Account Titles and Explanation 1 2 3. eTextbook and Media List of Accounts

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