July 4 Sold $9,645 of merchandise (that had cost $6,173) to customers on credit. 9 sold $21,588 of accounts receivable to Main Bank. Main charges a 5% factoring fee. 17 Received $5,30s cash from customers in payment on their accounts 27 Borrowed $12,336 cash from Main Bank, pledging $16,037 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 entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Sold $9,645 of merchandise to customers on credit. Note: Enter debits before credits. Date General Journal Debit Credit July 04 Journal entry worksheet 2 3 4 6 Record the cost of goods sold, $6,173. Note: Enter debits before credits. Date General Journal Debit Credit July 04 Record entry Clear entry View general journal View transaction list Journal entry worksheet 3 6 Sold $21,588 of accounts receivable to Main Bank. Main charges a 5% factoring fee. Note: Enter debits before credits. Date General Journal Debit Credit July 09 Record entry Clear entry View general journal Prey 50f 8 Next rch DOLL View transaction list Journal entry worksheet 4 6 Received $5,305 cash from customers in payment on their accounts. Note: Enter debits before credits. Date General Journal Debit Credit July 17 Record entry Clear 1ry Vier generat journal Prev5 f8 Next XLL View transaction list Journal entry worksheet 2 5 6 Borrowed $12,336 cash from Main Bank. Note: Enter debits before credits Date General Journal Debit Credit July 27 Recont entry Clear entry View general jou OLL View transaction list Journal entry worksheet 2 3 6 Pledged $16,037 of accounts receivable as security for the loan. Note: Enter debits before credits. Date General Journal Debit Credit July 27 Record entry Clear entry View general journal Prev 50f 8 Next DOLL