How would I prepard a journal entries to the following selected in July? Also this company use the perpetual inventory system. june 30 roman Co. has $125,900 of accounts recivables. july 4 sold $6,295 of merchandise (that had cost $4000) to the customers on credit july9 sold $18,000 of accounts receibable to Center Bank Center charges a 4% factoring fee July 17 received $3,436 cash from customers in payment on their accounts July 27 borrowed $10,000 cash from Center Bank, pledging $13,000 of accounts rrceivable as security for the loan