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On November 30, Petrov Co. has $113,100 of accounts receivable and uses the perpetual inventory system.

On November 30, Petrov Co. has $113,100 of accounts receivable and uses the perpetual inventory system. Dec. 4 Sold $9,355 of merchandise (that had cost $5,987) to customers on credit, terms n/30. 9 Sold $15,834 of accounts receivable to Main Bank. Main charges a 2% factoring fee. 17 Received $5,145 cash from customers in payment on their accounts. 27 Borrowed $9,048 cash from Main Bank, pledging $11,762 of accounts receivable as security for the loan. () 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 $9,355 of merchandise to customers on credit, terms n/30 Note: Enter debits before credits. Date General Journal Debit Credit Dec 04 Record entry Clear entry View general journal Journal entry worksheet 1 2 5 6 Record the cost of goods sold, $5,987. Note: Enter debits before credits. Date General Journal Debit Credit Dec 04 View general journal Record entry Clear entry Journal entry worksheet

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