On November 30, Petrov Company has $140,500 of accounts receivable and uses the perpetual inventory system. December 4 Sold $7,700 of merchandise (that had cost $4,928) to customers on credit, terms n/30. December 9 Sold $19,670 of accounts receivable to Main Bank. Main charges a 6% factoring fee. December 17 Received $4,235 cash from customers in payment on their accounts. December 27 Borrowed $11,240 cash from Main Bank, pledging $14,612 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 $7,700 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, $4,928. 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 Sold $19,670 of accounts receivable to Main Bank. Main charges a 6% 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 2 3 4 5 6 Received $4,235 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 Borrowed $11,240 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 4 5 6 Pledged $14,612 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 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