(b)

Record the transaction(s) for September that should be journalized in the sales journal and the purchases journal. (List transactions in order of occurrence.)

Exercise 7-06 a-b (Part Level Submission) (Video) Pharoah Company uses special journals and a general journal. The following transactions occurred during September 2020. Sept. 2 Sold merchandise on account to H. Drew, invoice no. 101, $770, terms n/30. The cost of the merchandise sold was $450 10 Purchased merchandise on account from A. Pagan $560, terms 2/10, n/30 12 Purchased office equipment on account from R. Cairo $6,900 21 Sold merchandise on account to G. Holliday, invoice no. 102 for $770, terms 2/10, n/30. The cost of the merchandise sold was $455 25 Purchased merchandise on account from D. Downs $815, terms n/30. 27 Sold merchandise to S. Miller for $665 cash. The cost of the merchandise sold was $375. (a) Prepare a sales journal and record the transactions for September that should be journalized. (Record entries in the order presented in the problem statement.) PHAROAH COMPANY Sales Journal S1 Accounts Receivable Dr. Cost of Goods Sold Dr. Account Invoice Debited No. Ref. Sales Revenue Cr. Date Inventory Cr. 2020