On November 30, Petrov Company has $132,200 of accounts receivable and uses the perpetual inventory system. December 4 Sold $5,300 of merchandise (that had cost $3,392) to customers on credit, terms n/30. December 9 Sold $18,508 of accounts receivable to Main Bank. Main charges a 8% factoring fee. December 17 Received $2,915 cash from customers in payment on their accounts. December 27 Borrowed $10,576 cash from Main Bank, pledging $13,749 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 $5,300 of merchandise to customers on credit, terms n/30. Note: Enter debits before credits. Date December 04 General Journal Debit Credit Clear entry View general journal > Journal entry worksheet < 2 3 4 5 6 > Record the cost of goods sold, $3,392. Note: Enter debits before credits. Date December 04 General Journal Debit Credit View general journal View transaction list Journal entry worksheet < 1 2 3 4 5 6 Book Print rences Sold $18,508 of accounts receivable to Main Bank. Main charges a 8% factoring fee. Note: Enter debits before credits. Date: December 09 General Journal Debit Credit Record entry Clear entry View general journal > 3.57 points Book Hint Print Journal entry worksheet < 1 2 3 4 5 6 Received $2,915 cash from customers in payment on their accounts. References Note: Enter debits before credits. General Journal Debit Credit Date December 17 Record entry Clear entry View general journal > Book Print Journal entry worksheet < 1 2 3 4 5 6 Borrowed $10,576 cash from Main Bank. ferences Note: Enter debits before credits. General Journal Debit Credit Date December 27 View general journal 3.57 points Journal entry worksheet < 1 2 3 4 5 6 eBook) Hint Print References Pledged $13,749 of accounts receivable as security for the loan. Note: Enter debits before credits. General Journal Debit Credit Date December 27 Record entry Clear entry View general journal