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I got ALL the accounts wrong. on both situations! can you please help me? re.com/c /9534/modules/items/234125 Show Attempt History Current Attempt in Progress On June
I got ALL the accounts wrong.
on both situations!
can you please help me?
re.com/c /9534/modules/items/234125 Show Attempt History Current Attempt in Progress On June 10, Pharoah Company purchased $7.600 of merchandise from Cullumber Company, terms 1/10.30. Pharoan Company pays the freight costs of $390 on June 11. Goods totaling $500 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. Your Answer Correct Answer Your answer is partially correct. Prepare separate entries for each transaction on the books of Pharoah Company. Of no entry is required, select "No Entry the account titles and enter for the amounts Credit account titles are automatically indented when amount is entered Dono indent manually Record journal entries in the order presented in the problem.) ate Account Titles and Explanation Debit Credit Your Answer Correct Answer - Your answer is partially correct. Prepare separate entries for each transaction for Cullumber Company. The merchandise purchased by Cullumber Company on June 10 cost McGiver $3.770, and the goods returned cost Cullumber Company $230.0 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 ate Account Titles and Explanation Debit Credit 10 Accounts Payable 3770 I Purchases (To record credit sale) | No Enery To record cost of goods sold) estat 11Step by Step Solution
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