On November 30, Petrov Company has $150,200 of accounts receivable and uses the perpetual inventory system. Deceaber 4 sold 55,330 of eerchandise (that had cost 53,731 ) to customers on credit, teras n/30. Decenber 9 5old $21,025 of accounts recelvable to Main bank. Main charges a 2x factoring fee. Decenber 17 Recelved $3,207 cash fron custoners in payeent on their accounts. Deceaber 27 Borrowed $12, 016 cash from Main Bank, pledging $15,621 of accounts recelvable 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? Complete this question by entering your answers in the tabs below. Prepare fournal entries to record the above transactions. (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 Sold $5,830 of merchandise to customers on credit, terms n/30. Notei Enter debits befort credies. On November 30, Petrov Company has $150,200 of accounts receivable and uses the perpetual inventory system. Decenber 4 sold 55,030 of nerchandise (that had cost $3,731 ) to customers on credit, terms n/30. Decenber 9 5old $21,928 of accounts receivable to Main Bank. Main charges a 2x factoring fee, Decenber 17 Received $3,207 cash from custoners in payment on their accounts. Decenber 27 Borrowed $12,016 cash from Main Bank, pledging $15,621 of accounts recelvable 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? Complete this question by entering your answers in the tabs below. Prepare journal entries to record the above transactions. (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 Record the cost of goods sold, 53,731. Note; Enter debita belore credita. On November 30, Petrov Company has $150,200 of accounts receivable and uses the perpetual inventory system. Decenber 4 sold $5,830 of nerchandise (that had cost 53,731 ) to customers on credit, terns /30. Decenber 9 Sold $21,028 of accounts receivable to Main Bank. Main charges a 2% factoring fee. December 17 Received $3,207 cash fron customers in payment on their accounts. Decenber 27 Borrowed $12,016 cash fron Main Bank, pledging $15,621 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? Complete this question by entering your answers in the tabs below. Prepare journal entries to record the above transactions. (If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) Journal entry worksheet Sold $21,028 of accounts receivable to Main Bank. Main charges a 2% factoring fee. Notes Enter debits belore credits. On November 30, Petrov Company has $150,200 of accounts recelvable and uses the perpetual inventory system. Decenber 4 5old 55,830 of merchandise (that had cost $3,731 ) to customers on credit, teras n/30. Decenber 9 Sold $21,028 of accounts receivable to Main bank. Main charges a 28 factoring fee. Decenber 17 Received $3,207 cash from customers in payient on their accounts. Deceeber 27 Borfowed $12,016 cash from Hain Bank, pledging $15,621 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? Complete this question by entering your answers in the tabs below. Prepare journal entries to record the above transactions. (If no entry is required for a transaction/event, select "No fournal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) Journal entry worksheet Received $3,207 cash from customers in payment on their accounts. Notei tntec debsis before credite. On November 30 . Petrov Company has $150,200 of accounts receivable and uses the perpetual inventory system. Decenber 4 sold 35,630 of merchandise (that had cost $3,731 ) to customers on credit, terms n/30. December 9 sold $21,028 of accounts receivable to Main Bank. Main charges a 28 factoring fee. Decenber 17 Received $3,297 cash from customers in payent on their accounts. Decenber 27 Borroved $12,016 cash fros Main Bank, pledging $15,621 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? Complete this question by entering your answers in the tabs below. Prepare journal entries to record the above transactions, (If no entry is required for a transaction/event, select "No joumal entry required in the first account field. Round your answers to the nearest whole dollar amount.) Journal entry worksheet Borrowed $12,016 cash from Main Bank. Note: Enter debits belore credits. On November 30, Petrov Company has $150,200 of accounts receivable and uses the perpetual inventory system. December 4 sold $5,830 of merchandise (that had cost $3,731 ) to custoners on credit, terns n/30. Decenber 9 sold $21,028 of accounts receivable to Main Bank. Main charges a 2% factoring fee. December 17 Recelved $3,207 cash from custoners, in payment on their accounts. Decenber 27 Borrowed $12,016 cash from Main bank, pledging $15,621 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? Complete this question by entering your answers in the tabs below. Prepare joumal entries to record the above transactions. (If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) Journal entry worksheet Pledged $15,621 of accounts receivable as security for the loan. Notr: Enter debits before credits. On November 30 , Petrov Company has $150.200 of accounts receivable and uses the perpetual inventory system. December 4 sold $5,830 of merchandise (that had cost $3,731 ) to customers an credit, terms n/30. Decenber 9 . 5old $21,028 of accounts receivable to Main Bank. Main charges a 2x factoring fee. Deceeber 17 Received $3,207 cash from customers in payment on their accounts. December 27 Borrowed $12,016 cash from Main Bank, pledging $15,621 of accounts recelvable 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? Complete this question by entering your answers in the tabs below. Which transaction would most likely require a note to the financial statements? Which transaction would most likely require a note to the financial statements