Answer:
A.Dr Cash	579,375
Dr Finance charge 20,625	
Cr Loan payable 600,000
 Dr Accounts Receivable Assigned	825,000	
Cr Accounts Receivable 825,000
b) Dr Cash	750,000	
Cr Sales discounts 8,000 
Cr Sales returns 22,000
Cr Accounts Receivable Assigned 720,000
c)Dr Loan Payable	600,000	
Cr nterest expense 4,000	
Cr Cash 596,000
Explanation:
a. Preparation for March 1, 2019, journal entry for Rasheed Company
March 01,2019
Dr Cash	579,375
(600,000-20,625)
Dr Finance charge (825,000*2.5%)	20,625	
Cr Loan payable 600,000
(Loan amount received)
March 01,2019
Dr Accounts Receivable Assigned	825,000	
Cr Accounts Receivable 825,000
(Assigning Accounts receivable)	
b.Preparation of the journal entry for Rasheed's collection of the amount of $750,000 of the accounts receivable during March of 2019
March, 2019
 Dr Cash	750,000	
Cr Sales discounts 8,000 
Cr Sales returns 22,000
Cr Accounts Receivable Assigned 720,000
(750,000-8,000-22,000)
C.Preparation of the journal entry to record this payment.
April 01,2019
Dr Loan Payable	600,000	
Cr nterest expense (600,000*8%*1/12)	4,000	
Cr Cash 596,000)
(600,000-4,000)
(Loan settled along with interest)