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Question 9 of 28 Prepare the journal entries to record the following transactions...

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Accounting

Question 9 of 28
Prepare the journal entries to record the following transactions on Pharoah Company's books using a perpetual inventory system. (If
no entry is required, select "No Entry" for the account titles and enter 0 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 2, Shamrock Company sold $897,900 of merchandise to Pharoah Company on account, terms 210,n30. The cost
of the merchandise sold was $594,200.
(b) On March 6, Pharoah Company returned $100,900 of the merchandise purchased on March 2. The cost of the merchandise
returned was $67,500.
(c) On March 12, Shamrock Company received the balance due from Pharoah Company.
No.
Date
Account Titles and Explanation
Debit
Credit
(a)
(b)
(c)
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