Company is concerned about the accuracy of its year-end inventory balance. Inventory shows a year-end balance of $326,600. Discussions with the company accountant reveal the following. 1. Pharoah received goods costing $49,600 on January 2 that were shipped FOB destination on December 29. The shipment was a rush order that was supposed to arrive on December 31. This purchase was included in the ending inventory of $326,600. 2. 3. 4. 5. Pharoah sold goods costing $41,600 to Cusa Company, FOB shipping point, on December 28 for $65,600. The goods are not expected to arrive at Cusa until January 12. The goods were not included in the physical inventory because they were not in the warehouse. The physical count of the inventory did not include goods costing $89,600 that were shipped FOB destination to Pharoah on December 27 and were still in transit at year-end. Pharoah received goods costing $27,600 on January 2. The goods were shipped FOB shipping point on December 26 by Noble Co. The goods were not included in the physical count. Pharoah sold goods costing $38,600 to Limerick Co. for $55,600. The goods were shipped FOB destination on December 30. The goods were received by Limerick on January 8 and were not included in Pharoah's physical inventory.

i posted the part 1 3 times, and not one person got the right answer. Could i possibly get a refund for those 3?

Pharoan Company is concerned about the accuracy of its year-end inventory balance. Inventory shows a year-end balance of $326,600. Discussions with the company accountant reveal the following. 1. Pharoah received goods costing $49,600 on January 2 that were shipped FOB destination on December 29 . The shipment was a rush order that was supposed to arrive on December 31 . This purchase was included in the ending inventory of $326,600. 2. Pharoah sold goods costing $41,600 to Cusa Company, FOB shipping point, on December 28 for $65,600. The goods are not expected to arrive at Cusa until January 12 . The goods were not included in the physical inventory because they were not in the warehouse. 3. The physical count of the inventory did not include goods costing $89,600 that were shipped FOB destination to Pharoah on December 27 and were still in transit at year-end. 4. Pharoah received goods costing $27,600 on January 2. The goods were shipped FOB shipping point on December 26 by Noble Co, The goods were not included in the physical count. 5. Pharoah sold goods costing $38,600 to Limerick Co. for $55,600, The goods were shipped FOB destination on December 30 . The goods were received by Limerick on January 8 and were not included in Pharoah's physical inventory. Using the perpetual inventory system, what correcting entry would have to be made for item 4 ? (Credit occount titles are automatically indented when the amount is entered. Do not indent manuolly, list all debit entrles before credit entries if no entry is required, select "No Entry" for the account titles and enter O for the amounts)