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nument CALCULATOR FULL SCREEN PRINTER VERSION BACK NE 10 Exercise 5-05 On June 10, Shamrock Company purchased $7.600 of merchandise from Pharoah Company, on account, terms 4/10, 1/30. Shamrock pays the freight costs of $390 on June 11. Goods totaling $500 are returned to Pharoah for credit on June 12. On June 19, Shamrock Company pays Pharoah Company in full, less the purchase discount. Both companies use a perpetual inventory system. Your answer is partially correct. Try again. Study Prepare separate entries for each transaction on the books of Shamrock Company. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit June 10 inventory 3600 Accounts Payable 7600 SHOW LIST OF ACCOUNTS Your answer is partially correct. Try again. Prepare separate entries for each transaction for Pharoah Company. The merchandise purchased by Shamrock on June 10 cost Pharoah $3,770, and the goods returned cost Pharoah $230. (If no entry is required, select "No entry" for the account titles and enter for the amounts, Credit account titles are automatically indented in amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit

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