On November 30, Petrov Company has $143,700 of accounts recevable and uses the perpetual inventory system. December 4 Sold $8,675 of merchandise (that had cost $5,552) to customers on credit, torms n/30. December 9 sold $20,118 of accounts receivable to Main Bank. Main charges a 101 factoring fee. December 17 Received $4,771 cash from customers in payment on their accounts. December 27 Borrowed $11,496 cash from Main Bank, pledging $14,945 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 Record the cost of goods sold, $5,552. Note: Enter debits before credits General Journal Dobit Credit Dato December 04 Journal entry worksheet 2 3 4 5 6 7 Sold $20,118 of accounts receivable to Main Bank. Main charges a 10% factoring fee. Note: Enter debits before credits. General Journal Date December Debit Credit 09 Journal entry worksheet Received $4,771 cash from customers in payment on their accounts. Note: Enter debits before credits. General Journal Debit Credit Date December 17 Journal entry worksheet Borrowed $11,496 cash from Main Bank. Note: Enter debits before credits. General Journal Debit Credit Date December 27 Journal entry worksheet 1 2 3 4 5 6 > Pledged $14,945 of accounts receivable as security for the loan. Note: Enter debits before credits. General Journal Dobit Credit Date December 27 Which transaction would most likely require a note to the financial statements? which transaction would most likely require a note to the financial statements?