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On November 30, Petrov Company has $154,800 of accounts receivable and uses the perpetual inventory system. December 4 Sold $8,325 of merchandise (that had cost $5,328) to customers on credit, terms n/30. December 9 Sold $21,672 of accounts receivable to Main Bank. Main charges a 8% factoring fee. December 17 Received $4,579 cash from customers in payment on their accounts. December 27 Borrowed $12,384 cash from Main Bank, pledging $16,099 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? 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/eve 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 $8,325 of merchandise to customers on credit, terms n/30. Note Enter dahite hafore credite View transaction list Journal entry worksheet < 1 2 3 4 5 6 Sold $8,325 of merchandise to customers on credit, terms n/30. Note: Enter debits before credits. Date December 04 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 > 3 4 5 6 Record the cost of goods sold, $5,328. Note: Enter debits before credits. Date December 04 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 4 5 6 Sold $21,672 of accounts receivable to Main Bank. Main charges a 8% factoring fee. Note: Enter debits before credits. Date December 09 General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 > 7 View transaction list Journal entry worksheet < 1 1 2 2 3 4 5 6 Received $4,579 cash from customers in payment on their accounts. Note: Enter debits before credits. Date December 17 General Journal Debit Credit Record entry Clear entry View general journal 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 Borrowed $12,384 cash from Main Bank. Note: Enter debits before credits. Date December 27 6 General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 > View transaction list Journal entry worksheet < 1 2 3 4 10 5 6 Pledged $16,099 of accounts receivable as security for the loan. Note: Enter debits before credits. Date December 27 General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 > On November 30, Petrov Company has $154,800 of accounts receivable and uses the perpetual inventory system. December 4 Sold $8,325 of merchandise (that had cost $5,328) to customers on credit, terms n/30. December 9 Sold $21,672 of accounts receivable to Main Bank. Main charges a 8% factoring fee. December 17 Received $4,579 cash from customers in payment on their accounts. December 27 Borrowed $12,384 cash from Main Bank, pledging $16,099 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Which transaction would most likely require a note to the financial statements? Which transaction would most likely require a note to the financial statements

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