On November 30 , Petrov Company has $154,700 of accounts receivable and uses the perpetual inventory system. December 4 Sold $5,475 of morchandise (that had cost $3,504 ) to customers on crodit, terms n/30. December 9 Sold $21,658 of accounts receivable to Main Bank. Main charges a 68 factoring fee. December 17 Received $3,011 cash from customers in payment on their accounts. December 27 Borrowed $12,376 cash from Main Bank, pledging $16,089 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. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first accpunt field. Round your the nearest whole dollar amount. 1 Sold $5,475 of merchandise to customers on credit, terms n/30. 2 Record the cost of goods sold, $3,504. 3 Sold $21,658 of accounts receivable to Main Bank. Main charges a 6% factoring fee. 4 Received $3,011 cash from customers in payment on their accounts. 5 Borrowed $12,376 cash from Main Bank. 6 Pledged $16,089 of accounts receivable as security for the loan. On November 30 , Petrov Company has $154,700 of accounts receivable and uses the perpetual inventory system. December 4 Sold $5,475 of merchandise (that had cost $3,504 ) to customers on credit, terms n/30. December 9 Sold $21,658 of accounts recoivable to Main Bank. Main charges a 68 factoring fee. December 17 Received $3,011 cash from customers in payment on their accounts. December 27 Borrowed $12,376 cash from Main Bank, pledging $16,089 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. Which transaction would most likely require a note to the financial statements