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10 On June 30, Petrov Co has $144.100 of accounts receivable. July 4 Sold $7.235 of merchandise that had coat $4,630) to customers on credit
10 On June 30, Petrov Co has $144.100 of accounts receivable. July 4 Sold $7.235 of merchandise that had coat $4,630) to customers on credit terms n/30. 9 Sold $20,174 of accounts receivable to Main Bank. Main charges a 50 factoring fee. 17 Received $3.979 cash from customers in payment on their accounts. 27 Borrowed $11,528 cash from Main Bank, pledging $14,986 of accounts receivable as security for the loan. ints Skipped Prepare journal entries to record the above selected July transactions. (The company uses the perpetual Inventory system.) (Round final amount to the nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) eBook View transaction list Journal entry worksheet 2 3 4 5 6 Sold $7,235 of merchandise to customers on credit. Note: Enter debts before credits Date General Journal Debit Credit July 04
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