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  3. on november 30, petrov co. has $119,000 of account

On November 30, Petrov Co. has $119,000 of accounts receivable and uses the perpetual inventory...

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Accounting

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On November 30, Petrov Co. has $119,000 of accounts receivable and uses the perpetual inventory system. 2 Dee. 4 Sold $6,410 of merchandise (that had cost $4,102) to customers on credit, terms n/30. 9 Sold $16,660 of accounts receivable to Main Bank. Main charges a 68 factoring fee. 17 Received $3,526 cash from customers in payment on their accounts. 27 Borrowed $9,520 cash from Main Bank, pledging $12,376 of accounts receivable as security for the loan. (1) Prepare journal entries to record the above transactions. (2) Which transaction would most likely require a note to the financial statements? 1:27:10 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries to record the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet 1 2 3 4 5 6 Sold $6,410 of merchandise to customers on credit, terms n/30. Note: Enter debits before credits

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