Prepare the journal entries to record the following transactions on Pharoah Company's books using a...
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Prepare the journal entries to record the following transactions on Pharoah Company's books using a perpetual inventory system no entry is required, select No Entryfor the account titles and enter for the amountsCredit account titles are automatically indented when amount is enteredDo not indent manuallyRecord journal entries in the order presented in the problem ) (a)March Pharoah Company sold $897,900 of merchandise to Shamrock Company on account , terms 2/10, n / 30 The cost of the merchandise sold was $594,200. (b)March 6Shamrock Company returned $100,900 of the merchandise purchased on March 2. The cost of the merchandise returned was $67,500. (c) On March 12, Pharoah Company received the balance due from Shamrock Company
(b) b) (To record return of merchandise) (c) March 12 eTextbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer 8
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