On November 30, Petrov Co. has $124,700 of accounts receivable and uses the perpetual Inventory system. Dec. 4 Sold $7,460 of merchandise (that had cost $4,774) to customers on credit, terms n/30. 9 Sold $17,458 of accounts receivable to Main Bank. Main charges a 4% factoring fee. 17 Received $4,103 cash from customers in payment on their accounts. 27 Borrowed $9,976 cash from Main Bank, pledging $12,969 of accounts receivable as security for the loan. (1) Prepare journal entries to record the above transactions. (2) Which transaction would most likely require a note to the financial statements? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries to record the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet 1 2 3 456 Sold $7,460 of merchandise to customers on credit, terms n/30. Note: Enter debits before credits. Date Dec 04 General Journal Debit Credit Record entry Clear entry View general journal < Required 1 Required 2 > >