!! 2.2 J View Policies Show Attempt History Current Attempt in Progress - Your answer is partially correct. 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.) (b) On March 2, Shamrock Company sold $897,900 of merchandise to Pharoah Company on account, terms 2/10, 1/30. The cost of the merchandise sold was $594,200. On March 6, Pharoah Company returned $100,900 of the merchandise purchased on March 2. The cost of the merchandise returned was $67,500. On March 12, Shamrock Company received the balance due from Pharoah Company. (c) Date Account Titles and Explanation Debit Credit March 2 Inventory 897900 Accounts Payable 897900 March 6 Accounts Payable 100900 Inventory 100900 March 12 Accounts Payable 797000 Cash 15940 Inventory 781060 e Textbook and Media