On November 30 , Petrov Company has $138,200 of accounts receivable and uses the perpetual inventory system. December 4 Sold $7,915 of merchandise (that had cost $5,666 ) to customers on credit, terms n/30. December 9 Sold $19,348 of accounts receivable to Main Bank. Main charges a 48 factoring fee. December 17 Received $4,353 cash from customers in paysent on their accounts. December 27 Borrowed $11,056 cash from Main Bank, pledging $14,373 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? Prepare journal entries to record the above transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount. Journal entry worksheet 56 Sold $7,915 of merchandise to customers on credit, terms n/30. Note: Enter debits before credits. Record the cost of goods sold, $5,066. Note: Enter debits before credits. Sold $19,348 of accounts receivable to Main Bank. Main charges a 4% factoring fee. Note: Enter debits before credits. Received $4,353 cash from customers in payment on their accounts. Note: Enter debits before credits. Borrowed $11,056 cash from Main Bank. Note: Enter debits before credits. Pledged $14,373 of accounts receivable as security for the loan. Note: Enter debits before credits. Which transaction would most likely require a note to the financial statements? Which transaction would most likely require a note to the financial statements