Exercise 5-4 (Part Level Submission) On June 10, Pharoah Company purchased $6,500 of merchandise from Cullumber Company, terms 2/10, n/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 une 19, Pharoah Company pays Cullumber Company in full, less the purchase discount. Both companies use a perpetual inventory system. Your answer is correct. 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 0 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 une 10 Inventory 6500 Accounts Payable 6500 une 11Inventory 410 Cash 410 Cash une 12 Accounts Payabie 800 800 une 19 Accounts Payable 5700 Inventory 114 Cash 5586 Click if you would like to Show Work for this question: Open Show Work (b) Your answer is partially correct. Try again. 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 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent nsnually. ecerd journel eintriesin the order presenr ed in he Crecount fes are automticaiy indent manually. Record journal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit June 10 Accounts Receivable 6500 Sales Revenue 6500 (To record credit sale) Cost of Goods Sold 9650 (To record cost of goods sold) To record credit sale)