Duly 4 Sold $5,e5s of nerchandise (that had cost $3,235) to customers on credit. 9 Sold $16,844 of accounts receivable to Main Bank, Main charges a 4% factoring fee 17 Received $2,780 cash from customers in payment on their accounts. 27 Borrowed $9,168 cash from Main Bank, pledging $11,918 of accounts receivable as security for the select "No journal entry required" in the first account field.)