On June 10, Shamrock Company purchased $7,600 of merchandise from Pharoah Company, on account, terms 4/10, n/30. Shamrock pays the freight costs of $390 on June 11. Goods totaling $500 are returned to Pharoah for credit on June 12. On June 19, Shamrock Company pays Pharoah Company in full, less the purchase discount. Both companies use a perpetual inventory system. Your answer is correct Prepare separate entries for each transaction on the books of Shamrock 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. List all debit entries before credit entries.) Date Account Titles and Explanation June 10 Inventory Accounts Payable June 11 Inventory Cash Debit 7600 390 Credit 7600 390 June 12 Accounts Payable 500 Inventory June 19 Accounts Payable 7100 Inventory Cash eTextbook and Media List of Accounts 500 284 6816 Prepare separate entries for each transaction for Pharoah Company. The merchandise purchased by Shamrock on June 10 cost Pharoah $3,770, and the goods returned cost Pharoah $230. (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. List all debit entries before credit entries.) Date Account Titles and Explanation une 10 Accounts Receivable Sales Revenue (To record credit sale) une 10- Cost of Goods Sold une 11 v Inventory (To record cost of goods sold) Debit 7600 Credit 7600 une 12 v Sales Returns and Allowances une 12 Accounts Receivable (To record credit for receipt of goods returned) Inventory Cost of Goods Sold (To record cost of goods returned) ne 19 Cash Sales Discounts Accounts Receivable 500 6816 284 500 7100