Help S On June 30, Petrov Co. has $128,700 of accounts recelvable Duly 4 Sold $7,245 of merchandise (that had cost $5,eee) to customers on credit. 9 sold $20,000 of accounts receivable to Main Bank. Main charges a 4% factoring fee. 17 Received $5,859 cash from customers in payment on their accounts. 27 Borrowed $1e,eee cash from Main Bank, pledging $12,see of accounts receivable as security for the Prepare journal entries to record the above selected July transactions. (The company uses the perpetual inventory system.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 2 Sold $7,245 of merchandise to on credit. Debit Cre July 04 Clear entry View general journal On June 30, Petrov Co. has $128,700 of accounts receivable July 4 Sold $7,245 of merchandise (that had cost $5,080) to customers on credit. 9 sold S20,000 of accounts receivable to Main Bank. Main charges a 4% factoring fee. 17 Received $5, 859 cash from customers in payment on their accounts. 27 Borrowed $1e,ee0 cash from Main Bank, pledging $12,580 of accounts receivable as security for the loan Prepare journal entries to record the above selected July transactions. (The company uses the perpetual inventory system.) (If no event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the cost of goods sold, $5,000. uly 04 Clear entry 8 of 101# Chapter 7 Homework (Req) 8 On June 30, Petrov Co has $128,700 of accounts receivable. July 4 sold $7, 245 of merchandise (that had cost $5,eee) to customers on credit. 9 sold $20,000 of accounts receivable to Main Bank. Main charges a 4% factoring fee. 17 Received $5,859 cash from customers in payment on their accounts. 27 Borrowed $1e,eee cash from Main Bank, pledging $12,se9 of accounts receivable as security for the loan Prepare journal entries to record the above selected July transactions. (The company uses the perpetual inventory system.) Of no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Sold $20,000 of accounts receivable to Main Bank. Main charges a 4% factoring fee. July 09 Clear entry Next > K Prev 8 of 10 July 4 Sold $7,245 of merchandise (that had cost $5,000) to customers on credit 27 loan select "No journal entry required" in the first account field.) Type here to 8 Duly 4 sold $7,245 of merchandise (that had cost $5,000) to customers on credit select "No journal entry required" in the first account field.) Clear entry O Type here to Help Save &Exi Submit uly 4 Sold $7,245 of merchandise (that had cost $5,e00) to customers on credit 9 Sold $20,000 of accounts receivable to Main Bank, Main charges a 4% factoring fee. 17 Received $5,859 cash from custosers in payment on their accounts 27 Borrowed $10,e00 cash from Rain Bank, pledging $12, see of accounts receivable as security for the loan Prepare journal entries to record the above selected July transactions.(The company uses the perpetual inventory system.) (If no select "No journal entry required" in the first account field) Journal entry worksheet Prev 8f! Next > O Type here to search