Compelted first part (not sure if correct) , need help on the second journal entry and if my first is correct. Thank you.
mory Bookmarks People Window Help | Tum. urses/28611/assignments/2750995 Chapter 5 Graded HW Paused Send to Gradebook Question 1 View Policies Current Attempt in Progress -12 On June 10, Pharoah Company purchased $6,500 of merchandise from Cullumber Company, terms 2/10, 1/30. Pharoah Company pays the freight costs of $410 on June 11. Goods totaling $800 are returned to Cullumber Company for credit on June 12. On June 19. Pharoah Company pays Cullumber Company in full, less the purchase discount. Both companies use a perpetual inventory system Prepare separate entries for each transaction on the books of Pharoah Company. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit June 10: Merchandise Inventory 6500 Accounts Payable 6500 June 11 : Merchandise Inventory 130B 280 *v A * w Dw Ps 195 Rory Bookmarks People Window Help - Ng Thu 79 PM urses/28671/assignments/2750995 * Paused Prepare separate entries for each transaction on the books of Pharoah Company. Of no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit June 10$ Merchandise Inventory 6500 Accounts Payable June 11 Merchandise Inventory Cash June 12 Accounts Payable Merchandise inventory June 19 Accounts Payable Cash Merchandise Inventory List of Accounts Bookmarks People Window Help e x 120 PM /2861 assignments/2750995 Merchandise inventory * Paed June 19 Accounts Payable Cash Merchandise inventory List of Accounts Prepare separate entries for each transaction for Cullumber Company. The merchandise purchased by Pharoah Company on June 10 cost Cullumber Company $3,390, and the goods returned cost Cullumber Company $240. (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.) Date Account Titles and Explanation Debit Credit June 10 Merchandise Inventory (To record credit sale) (To record cost of goods sold) marks People Window Help assignments/2750995 June 10 Merchandise Inventory (To record credit sale) (To record cost of goods sold) June 11 June 12 (To record credit sale) (To record cost of goods returned) June 19 D 10 .90 # @ A *W DWPs 19 ery Bookmarks People Window Help PH% ) Thu 8:00 ses/2861/assignments/2750995 (To record credit sale) (To record cost of goods sold) June 11 June 12 (To record credit sale) (To record cost of goods returned) June 19 D DOOR O v IA DWPs 19
