Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. this information relates to shamrock co. 1. on apr

This information relates to Shamrock Co. 1. On April 5, purchased merchandise from Pharoah Company...

80.2K

Verified Solution

Question

Accounting

imageimage

This information relates to Shamrock Co. 1. On April 5, purchased merchandise from Pharoah Company for $28,600, terms 4/10,n/30. 2. On April 6, paid freight costs of $580 on merchandise purchased from Pharoah. 3. On April 7, purchased equipment on account for $32,000. 4. On April 8, returned $3,500 of April 5 merchandise to Pharoah Company. 5. On April 15, paid the amount due to Pharoah Company in full. No. Date Account Titles and Explanation Debit Credit (b) Assume that Shamrock Co. paid the balance due to Pharoah Company on May 4 instead of April 15. Prepare the journal entry to record for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May 4

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Find the second-degree Taylor polynomial of f(x)=ln(1+sinx) centered at x=0.

Basic Math
Q

What could be the implication(s) in the following case? 1 The feed solids concentration too low...

Civil Engineering
Q

describe the fundaments of the IR following technique (what do you use it for?)

Chemistry
Q

What is the differential adhesion hypothesis (think \"surface tension\") and why it is important?

Biology
Q

What is a reason why someone might drop out of therapy (even if they really need...

Psychology
Q

Please, i need Unique answer, Use your own words (don't copy and paste). Please, don't use handwriting,...

Economics
Q

When we neglected air resistance then potential energy is converted into kinetic energy so it...

Physics
Q

A metal circular disk whose area is 143 cm is used as aknockout on an...

Basic Math
Q

What is expectancy theory and how is it different from goalsetting theory

Accounting
Q

Effect of Doubtful Accounts on Net Income During its first year of operations, Fisher Plumbing...

Accounting
Q

Required informotion The following information applies to the questions displayed below] The Old English Garden...

Accounting
Q

Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows:...

Accounting