1. Pharoah Co. had the following transactions during October. On October 8, purchased merchandise on account from Sheridan Company for $18.400, terms 2/10, 1/30. On October 9, paid freight costs of $560 on merchandise purchased from Sheridan Company. On October 11, returned $3,700 of October 8 merchandise to Sheridan Company. On October 18, paid the amount due to Sheridan Company in full. 2. 3. 4. Use a tabular summary to record the transactions listed above for Pharoah Co.'s books. PharoahCo. uses a perpetual inventory system. Include margin explanations for the changes in revenues and expenses.(Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg: (45).) Assets Liabilities Accounts Payable Date Cash Inventory Comi Oct. 8 $ 9 11 18 Stockholders' Equity Retained Earnings Rev. Exp. Div. $ $