Question of
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 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 Shamrock Company sold $ of merchandise to Pharoah Company on account, terms The cost
of the merchandise sold was $
b On March Pharoah Company returned $ of the merchandise purchased on March The cost of the merchandise
returned was $
c On March Shamrock Company received the balance due from Pharoah Company.
No
Date
Account Titles and Explanation
Debit
Credit
a
b
c
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