On October 5, Pharoah Company buys merchandise on account from Shamrock Company. The selling price of the goods is $6,800, and the cost to Shamrock Company is $3,200. On October 8, Pharoah returns defective goods with a selling price of $770 and a scrap value of $380.

Record the transactions on the books of Shamrock Company, assuming a perpetual approach.

On October 5. Pharoah Compary buys merchandise on account from Shamrock Company. The selling price of the goods is $6,800, and the cost to Shamrock Company is $3.200. On October 8. Pharoah returns defective goods with a selling price of $770 and a serap value ot 5380 Record the transactions on the books of Shamrock Company, assuming a perpetual approach. (if no entry is required, select wo Entry' for the occount tities and enter 0 for the amounts. Credit account titles are dutomatically indented when amount is entered. Do not indent mantally. Record joumal entries in the order presented in the prablem. List all debit entries before credit entries.) manually. Record joumal entries in the order presented in the problem. List aif debit entries before credit entries.)