On November 30, Petrov Company has $135,900 of accounts receivable and uses the perpetual inventory system. December 4 Sold $8,205 of merchandise (that had cost $5,251) to customers on credit, terms n/30. December 9 Sold $19,026 of accounts receivable to Main Bank. Main charges a 4% factoring fee. December 17 Received $4,513 cash from customers in payment on their accounts. December 27 Borrowed $10,872 cash from Main Bank, pledging $14,134 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 $8,205 of merchandise to customers on credit, terms n/30. Note: Enter debits before credits. Date December 04 General Journal Debit Credit > Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 Record the cost of goods sold, $5,251. Note: Enter debits before credits. Date December 04 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 56 Sold $19,026 of accounts receivable to Main Bank. Main charges a 4% factoring fee. Note: Enter debits before credits. Date December 09 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 1 2 3 56 Received $4,513 cash from customers in payment on their accounts. Note: Enter debits before credits. Date December 17 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 Borrowed $10,872 cash from Main Bank. Note: Enter debits before credits. Date December 27 6 General Journal Debit Credit > Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 45 60 Pledged $14,134 of accounts receivable as security for the loan. Note: Enter debits before credits. Date December 27 General Journal Debit Credit Record entry Clear entry View general journal Which transaction would most likely require a note to the financial statements? Which transaction would most likely require a note to the financial statements?