December 4501d$7,245 of merchandise (that had cost $5,000 ) to customers on credit, teras n/39. Decenber 9 sold $20, 000 of accounts receivable to Main bank. Main charges a 4x factoring fee. Decenber 17 inecelved $5,359 cosh from custoners in poyment on thelf accounts: Decenber 27 borrowed $10, 00e cash from Main Bank, pledgling \$12, 500 of accounts recelvable as security for the 1oan. (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. Prepare journal entries to record the above transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 23456 Sold $7,245 of merchandise to customers on credit, terms n/30. Notei Eiter debes before credits