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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

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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 C0.$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 no, 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 invoice no 309. 11 Received cash refund from a supplier for damaged merchandise $715. 23. Rectived payment in full for $1,140 from Jennings Co, for invoice na 310. 29 Received check for pryment of account from Rose (no cash discount allowed). \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Mccounts Recelvable } & No. 1 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline Axe: 1 \& & Balance & & & & 7680 \\ \hline Aor. 4 & & CR1 & & 5975 & 1705 \\ \hline \multirow{2}{*}{\multicolumn{6}{|c|}{ Morrow }} \\ \hline & & & & & \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline No:1 + & Balance & & & & 1570 \\ \hline Ner10 & & CR1 & & 560 & 960. \\ \hline \multicolumn{6}{|l|}{ Rose } \\ \hline Date & Explanation & Ret. & Debit & Crodit & Balance \\ \hline Apria & falance & & & & 1250 \\ \hline Apr.ze 0 & & CR1 & & 1250 & \\ \hline \multicolumn{6}{|l|}{ Jennings Co0. } \\ \hline Date & Explanation & Re-1. & Debit & Credit & Balance \\ \hline Aoc1+3 & Habnce & & & 7 & 2910 \\ \hline & & & & & \\ \hline Aor:5*1. & & CRI & & y65: & 1845 \\ \hline \end{tabular} Attempts: 1 of 3 used

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