NWP Assessment Player UI en.wiley.com d Word Question 4 of 10 0.17/1 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Prepare the journal entries to record the following transactions on Pharoah Company's books using a perpetual inventory system. (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. Recordjoumal entries in the order presented in the problem.) (a) (b) On March 2, Shamrock Company sold $934,300 of merchandise to Pharoah Company on account. terms 2/10, 1/30. The cost of the merchandise sold was $508,200, On March 6, Pharoah Company returned $107.900 of the merchandise purchased on March 2. The cost of the merchandise returned was $60,600 On March 12, Shamrock Company received the balance due from Pharoah Company (c) Debit Account Titles and Explanation Date Credit 0.17/1 III Question 4 of 10 Te On March 12, Shamrock Company received the balance due from Pharoah Company. Date Account Titles and Explanation Debit Credit Accounts Receivable 934,300 934,300 Cost of Goods Sold 508,200 508,200 Accounts Receivable 107.900 107.900 Cost of Goods Sold 80.600 60.600 Cash 809,872 Sales Discounts 16,528 Accounts Receivable 826400 e Textbook and Media List of Accounts