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On February 6. Pharoah Home sold $98.000 of merchandise to A1 Interiors Company, terms 2/10, net /30. The cost of the merchandise sold was $64,500.

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On February 6. Pharoah Home sold $98.000 of merchandise to A1 Interiors Company, terms 2/10, net /30. The cost of the merchandise sold was $64,500. On February 8, A1 returned $18,100 of the merchandise purchased on February 6 . The cost of the merchandise returned was $13,100. On February 16 Pharoah Home received the balance due from A1. Prepare the journal entries to record the above transactions on Pharoah Home Company's books using a perpetual inventory system. (Credit account tities ore outomatically indented when the omount is entered. Do not indent manually. Recordjoumal entries in the order presented in the problem. List debit entries before credit entries) (To record goods returned) (To record cost of goods returned)

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