Part A,B,and C

Chapter 7

Pharoah Company's chart of accounts includes the following selected accounts. On April 1, the accounts receivable ledger of Pharoah Company showed the following balances: Morrow $1,570, Rose $1,220. Jennings Co,$2,900, and Dent $2,150. The April transactions involving the receipt of cash were as follows. Apr. The owner, T. Pharoah, invested additional cash in the business $7,220. 1 4 Received check for payment of account from Dent less 2% cash discount. 5 Received payment in full for $940 from Jennings Co for invoice na 307. 8 Made cash sales of merchandise totaling $7,260. The cost of the merchandise sold was $4,356. 10 Received payment in full for $625 from Morrow for imvice na, 309 . 11 Received cash refund from a supplier for damaged merchandise $715. 23 Received payment in full for $1.140 from Jennings Co. for invoice no. 310 . 29 Received check for payment of account from Rose (no cash discount allowed). Cash Receipts eTextbook and Media eTextbook and Media Your arsme is correct. Insert the beginning balances in the Accounts Receivable control and subsidiary accountsand post the April trarisactions to these accounts. (Post entries in the onder of entries presented in the previous part). Prove the agreeitient of the control account and subsidiary account balances. (Do not list those accounts that hove reve endire balance)