On June 10, Pharoah Company purchased $7,600 of merchandise from Cullumber Company, terms 4/10, 1/30. Pharoah 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 Part 1 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 O 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 > List of Accounts Prepare separate entries for each transaction for Cullumber Company. The merchandise purchased by Pharoah Company on June 10 cost Cullumber Company $3,770, and the goods returned cost Cullumber Company $230. (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. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record credit sale) (To record cost of goods sold) 5 5 (To record credit sale) (To record cost of goods returned) June 19 1