Prepare the journal entries to record the following transactions on Pharoah Companys books using a...
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Prepare the journal entries to record the following transactions on Pharoah Companys books using a perpetual inventory system. 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. a On March Pharoah Company sold $ of merchandise to Cullumber Company, terms n The cost of the merchandise sold was $ b On March Cullumber Company returned $ of the merchandise purchased on March The cost of the merchandise returned was $ c On March Pharoah Company received the balance due from Cullumber Company.
Prepare the journal entries to record the following transactions on Pharoah Companys books using a perpetual inventory system. 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.
a On March Pharoah Company sold $ of merchandise to Cullumber Company, terms n The cost of the merchandise sold was $
b On March Cullumber Company returned $ of the merchandise purchased on March The cost of the merchandise returned was $
c On March Pharoah Company received the balance due from Cullumber Company.
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