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# On June 30, Petrov Co. has $148,200 of accounts receivable. July 4 Sold$8,915 of merchandise...

On June 30, Petrov Co. has $148,200 of accounts receivable. July 4 Sold$8,915 of merchandise (that had cost $5,706) to customers on credit 9 sold$20,748 of accounts receivable to Main Bank. Main charges a 5% factoring fee. 17 Received $4,903 cash from customers in payment on their accounts 27 Borrowed$11,856 cash from Main Bank, pledging $15,413 of accounts receivable as security for the loan. Prepare journal entries to record the above selected July transactions. (The company uses the perpetual inventory system.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet Debit Credit Import a new list 1 Sold$8,915 of merchandise to customers on credit. 2 Record the cost of goods sold, $5,706 3 Sold$20,748 of accounts receivable to Main Bank. Main charges a 5% factoring fee. Received $4,903 cash from customers in payment on their accounts. 4 5 Borrowed$11,856 cash from Main Bank. 6 Pledged $15,413 of accounts receivable as security for / the loan Note: -journal entry has been entered ## Answers #### Similar Solved Questions 1 answer ##### Marriott International is a worldwide operator and franchisor of hotels and related lodging facilities totalling over... Marriott International is a worldwide operator and franchisor of hotels and related lodging facilities totalling over$1.4 billion in property and equipment. It also develops, operates, and markets time-share properties totalling nearly $2 billion. Assume that Marriott replaced furniture that had be... 1 answer ##### Centripetal Force/ Conservation of Energy A 500 kg car is on a roller coaster as shown... Centripetal Force/ Conservation of Energy A 500 kg car is on a roller coaster as shown below. - 35 m/s, find the normal force acting on the car at points A and B. 25 m 8.5 m... 1 answer ##### Solve: Solve:... 1 answer ##### A nurse in a long-term care facility is managing the care of an older adult client... A nurse in a long-term care facility is managing the care of an older adult client who has difficulty swallowing and occasional choking during meals. The nurse should initiate a referral to which of the following member of the interprofessional care team? Occupational therapist Respiratory therapi... 1 answer ##### There has been a lot of news lately about US/China relations. For many years, China has... There has been a lot of news lately about US/China relations. For many years, China has had a ridiculous trade imbalance with the United States. Next time you are in a store ... flip over the item and see where it was made. Here's a tip: it was probably China. So, after President Trump imposed t... 1 answer ##### Find the net force (magnitude and angle) on each of these charges sitting on the points... Find the net force (magnitude and angle) on each of these charges sitting on the points of a right triangle. (include a force diagram for each,be sure to include, angle from what? (above or below +x or –x, left or right of +y or –y)) [magnitudes are... 1 answer ##### The phases of cellular respiration Place each phase of cellular respiration into the box that corresponds... The phases of cellular respiration Place each phase of cellular respiration into the box that corresponds to the location of that particular phase. Not all choices will be used: You must distinguish the four phases of cellular respiration from the choices given. Krebs cycle glycolysis production of ... 1 answer ##### Problem 7: The graph of z = f (x, y) is shown below. In each part,... Problem 7: The graph of z = f (x, y) is shown below. In each part, determine whether the given partial derivatives are positive, negative, or zero. (Note that the function is symmetric about 0 in both the x- and y- directions.) (a) fx(−2,&thins... 1 answer ##### Which of the following is a value-added activity? engineering design machinery repair inventory storage inspections Which of the following is a value-added activity? engineering design machinery repair inventory storage inspections... 1 answer ##### Your company sponsors a 401(k) plan into which you deposit 14 percent of your$65,000 annual...
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##### A 2.0- kg box is moving at constant speed of 2.0 m/s on a frictionless horizontal...
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##### Using the data below, calculate the change in energy expected for each of the following processes....
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##### IF function on EXCEL Percentage of the year completed % Probable Outlook Budget >5% 16% 43% X 16% 4...
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##### 2. A flexible loop of wire has an initial radius of 12.0 cm and sits in...
2. A flexible loop of wire has an initial radius of 12.0 cm and sits in a magnetic field of 0.15 T as shown. The wire is grasped at points A and B and stretched until the area is approximately zero. If it takes 0.20 s to stretch the loop, what is (a) the magnitude of the average induced emf and, (b)...