Pharoah Company manufactures equipment. Pharoah's products range from simple automated...

Exercise 6-11 installation. The installation process does not involve changes to the features of the equipment to perform to specifications. Pharoah has the following arrangement with Winkerbean Inc. equipment is $700,000 Winkerbean is obligated to pay Pharoah the $1,100,000 upon delivery and installation of the equipment. these services with a 25% margin relative to cost. Equipment S Installation Smanually . If no entry is required , select " No Entry " for the account titles and enter O for the amounts . Round answers to O decimal places , e.g . 5 , 275. ) Date Account Titles and Explanation Debit Credit September 30 , 2017 ( To record sales . ) September 30 , 2017 ( To record cost of goods sold. )EXERCISE 5 - 1 1 ACCOUNTS Payable Accounts RECEIVable Advertising EXPENSE Allowance for Doubtful Accounts Cash Commission EXPENSE Commission REVENUE Construction EXPENSES Contract Asset / Liability Cost of Goods Sold Delivery EXPENSE Estimated Inventory Returns Interest EXPENSE Interest INCOME Interest Payable Interest Receivable Inventory Inventory on Consignment LOSE DUE to Damaged Inventory Miscellaneous EXPENSE NO Entry Notes RECEIVable Refund Liability RENT REVENUE Returned Inventory Revenue from Consignment Sales Revenue from Long - Term Contracts Sales Discounts ForfeitEd Sales Returns and Allowances Sales REVENUE SERVICE REVENUE SERVICE REVENUE - Commissions Unearned REVENUE Unearned Warranty REVENUE Utilities EXPENSE Warranty EXPENSE Warranty Liability Warranty REVENUE