On June 30, Petrov Co. has $140,800 of accounts receivable.



July 4
Sold $5,080 of merchandise (that had cost $3,251) to customers on credit.

9
Sold $19,712 of accounts receivable to Main Bank. Main charges a 6% factoring fee.

17
Received $2,794 cash from customers in payment on their accounts.

27
Borrowed $11,264 cash from Main Bank, pledging $14,643 of accounts receivable as security for the loan.