On November 30, Petrov Company has $152,600 of accounts receivable and uses the perpetual inventory system. December 4 Sold $8,800 of merchandise (that had cost $5,632) to customers on credit, terms n/30. December 9 Sold $21,364 of accounts receivable to Main Bank. Main charges a 6% factoring fee. December 17 Received $4,840 cash from customers in payment on their accounts. December 27 Borrowed $12,208 cash from Main Bank, pledging $15,870 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. Required 1 Required 2 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.) View transaction list Journal entry worksheet 1 2 3 4 5 6 > Sold $8,800 of merchandise to customers on credit, terms n/30. Note: Enter debits before credits. Debit Credit Date General Journal December 04 Record entry Clear entry View general Journal On November 30, Petrov Company has $152,600 of accounts receivable and uses the perpetual inventory system December 4 Sold $8,800 of merchandise (that had cost $5,632) to customers on credit, terms n/30. December 9 Sold $21,364 of accounts receivable to Main Bank. Main charges a 6% factoring fee. December 17 Received $4,840 cash from customers in payment on their accounts. December 27 Borrowed $12,208 cash from Main Bank, pledging $15,870 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. Required 1 Required 2 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.) View transaction list Journal entry worksheet 1 2 3 4 5