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On June 10, Pharoahcompany purchased $7,450 of merchandise on account froen Rivar bed Conpamy, FOBshipping point, terms 2/10, r/30. Pharoah Company gays the freight costs
On June 10, Pharoahcompany purchased $7,450 of merchandise on account froen Rivar bed Conpamy, FOBshipping point, terms 2/10, r/30. Pharoah Company gays the freight costs of $480 on June 11 Goods totaling 5650 are returned to Fiver bed for credit on fine 12 On Jine 19. Pharoah Company pows Riverbed Compamy in full, less the purchase discount. Both componies use a perpetuak inventory system. (a) Prepare separate entries for each transaction on the books of Pharoah Compury. (Credit occount tilles are outomotically indented when amount is entered. Do not indent mantuoll It no entry is required, select "No Entry" for che occount titles and enter o for the omocnts Record joumal entries in the arder presented in the problem. On June 10, Pharoahcompany purchased $7,450 of merchandise on account froen Rivar bed Conpamy, FOBshipping point, terms 2/10, r/30. Pharoah Company gays the freight costs of $480 on June 11 Goods totaling 5650 are returned to Fiver bed for credit on fine 12 On Jine 19. Pharoah Company pows Riverbed Compamy in full, less the purchase discount. Both componies use a perpetuak inventory system. (a) Prepare separate entries for each transaction on the books of Pharoah Compury. (Credit occount tilles are outomotically indented when amount is entered. Do not indent mantuoll It no entry is required, select "No Entry" for che occount titles and enter o for the omocnts Record joumal entries in the arder presented in the
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