On November 30, Petrov Co. has $150,000 of accounts receivable and uses the perpetual inventory system. Dec. 4 Sold $7,375 of merchandise (that had cost $4,720) to customers on credit, terms n/39. 9 Sold $21,000 of accounts receivable to Main Bank. Main charges a 6% factoring fee. 17 Received $4, 056 cash from customers in payment on their accounts. 27 Borrowed $12,000 cash from Main Bank, pledging $15, Gee 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, no entry as required for a transaction/event. Select to journal entry required in the first account feld Round your answers to the nearest whole dollar amount View transaction Journal entry worksheet 6 Sold S7,375 of merchandise to customers on credit items Plo Notels Enter debres before clesias Date General Joumal Debit Credit Dec 04 On November 30, Petrov Co. has $150,000 of accounts receivable and uses the perpetual inventory system. Dec. 4 Sold $7,375 of merchandise (that had cost $4,720) to customers on credit, terms n/30. 9 Sold $21,000 of accounts receivable to Main Bank. Main charges a 6% factoring fee. 17 Received $4,056 cash from customers in payment on their accounts. 27 Borrowed $12,000 cash from Main Bank, pledging $15,600 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 Which transaction would most likely require a note to the financial statements? Which transaction would most likely require a note to the financial statements?