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Pharoah Company purchased goods on account with a cost of $1050 on July 15 ,...

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Accounting

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Pharoah Company purchased goods on account with a cost of $1050 on July 15 , terms 2/10, net/30, on which a return of $100 is granted on July 18 . In the tabular analysis that follows, the payment of the account in full on July 24 is recorded as a decrease to Cash \$931, an increase to Interest Expense \$19, and a decrease to Accounts Payable \$931. decrease to Cash $931, a decrease to Inventory $19, and a decrease to Accounts Payable $950. decrease to Cash $1050, and a decrease Accounts Payable $1050. decrease to Cash $950, a decrease to Inventory $19, and a decrease to Accounts Payable $931

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