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Property rented under a contract is called aOn November 3 0 , Petrov Company has $ 1 4 1 , 7 0 0 of accounts

Property rented under a contract is called aOn November 30, Petrov Company has $141,700 of accounts receivable and uses the perpetual inventory system.
December 4 Sold $9,975 of merchandise (that had cost $6,384) to customers on credit, terms n/30.
December 9 Sold $19,838 of accounts receivable to Main Bank. Main charges a 6% factoring fee. please help , run of time.
December 17 Received $5,486 cash from customers in payment on their accounts.
December 27 Borrowed $11,336 cash from Main Bank, pledging $14,737 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
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 account field. Round your answers to
the nearest whole dollar amount.
Journal entry worksheet
Sold $9,975 of merchandise to customers on credit, terms n30.
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