On November 30 , Petrov Company has $121,500 of accounts receivable and uses the perpetual inventory system. December 4 Sold $6,325 of merchandise (that had cost $4,048 ) to customers on credit, terms n/30. December 9 Sold $17,010 of accounts receivable to Main Bank. Main charges a 8% factoring fee. December 17 Received $3,479 cash from customers in payment on their accounts. December 27 Borrowed $9,720 cash from Main Bank, pledging $12,636 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