a

b

Current Attempt in Progress The following merchandise transactions occurred in December. Both companies use a perpetual inventory system. Dec.3 Oriole Company sold merchandise to Pharoah Ca. for $36,000, terms 2/10,n/30,FOB destination. This merchandise cost Oriole Company $18,000. 4 The correct company paid freight charges of $825. 8 Pharoah Co. returned unwanted merchandise to Oriole. The returned merchandise had a sale price of $2,400 and a cost of $990. It was restored to inventory. 13 Oriole Company received the balance due from Pharoah Co. Question 1 of 5 c 122.4 (i) (Torecord sales on acrount) (Torecond cont at eoods sold) (Torecond credit loc coods retuned) (Fonetordcostof sondiatiand) efeabook and Meda Prepare the journal entries to record these transactions on the books of Pharoah Co. (Credit occount titles are outomaticolly indented when the amount is entered. Do not indent manuolly. If no entry is required, select "No Entry" for the account titles and enter ofor the omounts Record joumal entries in the order presented in the probiem List all debit entries before credit entries.)