On November 30, Petrov Co. has $132,600 of accounts receivable and uses the perpetual inventory system. Dec. 4 Sold $7,655 of merchandise (that had cost $4,899) to customers on credit, terms n/30. 9 Sold $18,564 of accounts receivable to Main Bank. Main charges a 48 factoring fee. 17 Received $4,210 cash from customers in payment on their accounts. 27 Borrowed $10,608 cash from Main Bank, pledging $13,790 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? Journal entry worksheet 1 2 3 4 5 6 Sold $7,655 of merchandise to customers on credit, terms n/30. Note: Enter debits before credits. Date General Journal Debit Credit Dec 04 Journal entry worksheet Record the cost of goods sold, $4,899. Note: Enter debits before credits. Date General Journal Debit Credit Dec 04 Journal entry worksheet