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On January 1 , 2 0 2 5 , Pharoah Company had Accounts Receivable of $ 5 6 , 3 0 0 and Allowance for
On January Pharoah Company had Accounts Receivable of $ and Allowance for Doubtful Accounts of $ Pharoah Company prepares financial statements annually, During the year, the following selected transactions occurred. Jan. Sold $ of merchandise to Rian Company, terms n Feb. Accepted a $month, promissory note from Rian Company for balance due. Sold $ of merchandise to Cato Company and accepted Cato's $month, note for the balance due. Sold $ of merchandise to Malcolm Co terms Apr. Accepted a $month, note from Malcolm Co for balance due. Collected Cato Company note in full. June Collected Rian Company note in full. Sold $ of merchandise to Gerri Inc. and accepted a $month, note for the amount due. Journalize the transactions. Omit cost of goods sold entries.List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select No Entry" for the account titles and enter for the amounts.
On January Pharoah Company had Accounts Receivable of $ and Allowance for Doubtful Accounts of $ Pharoah Company prepares financial statements annually, During the year, the following selected transactions occurred.
Jan. Sold $ of merchandise to Rian Company, terms n
Feb. Accepted a $month, promissory note from Rian Company for balance due.
Sold $ of merchandise to Cato Company and accepted Cato's $month, note for the balance due.
Sold $ of merchandise to Malcolm Co terms
Apr. Accepted a $month, note from Malcolm Co for balance due.
Collected Cato Company note in full.
June Collected Rian Company note in full.
Sold $ of merchandise to Gerri Inc. and accepted a $month, note for the amount due.
Journalize the transactions. Omit cost of goods sold entries.List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select No Entry" for the account titles and enter for the amounts.
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