On June 30, Petrov Co, has $124,700 of accounts receivable. July Sold $5,850 of merchandise (that had cost $3,744) to customers on credit. 9 Sold $17,458 of accounts receivable to Main Bank, Main charges a 6% factoring fee. 17 Received $3,218 cash fron custoners in payment on their accounts 27 Borrowed $9,976 eash fron Main Bank, pledging $12,969 of accounts receivable as seeurity for the loan 2 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 Sold $5,850 of merchandise to customers on credit Note: Enter debits before credts. Date General Journal Debit Credit July 04