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Exercise 5-15 This inferrnation relates to Pharoah Co 1. On April 5, purchased merchandise from Cullumber Company for $25,500, terms 2/10, n/30, . On April
Exercise 5-15 This inferrnation relates to Pharoah Co 1. On April 5, purchased merchandise from Cullumber Company for $25,500, terms 2/10, n/30, . On April b, paid froight costs of $1,Don merchandisa purchased from Culumber Company. 3. On Aprl 7, purchased equipment on account for $36,500 4. On April B, retumed some of the April 5 merchandise to Culumber Company, which cost $5,500. On April 15, paid the amaunt due to Culumber Company in full. a penodicnvenntedintheproblem.) no entry is account titles Prepare the journal entries to record these transactionis on the books of Pharoah Co. using a periodic inventory system. (I ndented when entered. Do not indent manually. Record journal entries in the order presented in the problem. equired, select No Entryfor the account titles and enter 0 for the amounts. Credit ou Uhe are automatically amount is Date Accoint Titles and Explanation Credit LIST OF ACCOUNTS
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