Presented below are two independent situations. (a) On March 3, Van Teese Appliances sells $680,000 of its receivables to Naomi Factors Inc. Naomi Factors assesses a finance charge of 3% of the amount of receivables sold. Prepare the entry on Van Teese Appliances' books to record the sale of the receivables. (b) On May 10, Campbell Company sold merchandise for $3,500 and accepted the customer's America Bank MasterCard. America Bank charges a 4% service charge for credit card sales. Prepare the entry on Campbell Company's books to record the sale of merchandise.