On May $31,$ a company had an Accounts Receivable balance of $$127,000.$ Prepare journal entries to record the following transactions for June. The company uses a perpetual inventory system.

June $2$ Sold merchandise on credit for $$7,660,$ with terms $\frac{n}{30}.$ The cost of the merchandise was $$4,902.$

June $8$ Sold $$25,100$ of accounts receivable to First Bank. First Bank charges a $10\%$ factoring fee.

June $20$ Borrowed $$10,160$ cash from National Bank, pledging $$13,208$ of accounts receivable as security for the loan.