A

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 Ca. 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 ch 122.i (1)) (Toresord wales on acrount) (Torecond cost af eoods sold) (Torecord credit lor pocds returied) (Torecordcostof goctifating) ereabook and Moda