On November 30, Petrov Company has $151,800 of accounts receivable and uses the perpetual inventory system. December 4 Sold $7,125 of merchandise (that had cost $4,560) to customers on credit, terms n/30. December 9 Sold $21,252 of accounts receivable to Main Bank. Main charges a 8% factoring fee. December 17 Received $3,919 cash from customers in payment on their accounts. December 27 Borrowed $12,144 cash from Main Bank, pledging $15,787 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