Pharoah Corp. uses a perpetual inventory system. The company had the following inventory transactions in April:

April $3$ Purchased merchandise from Oriole Ltd$.$ for $$30,800,$ terms $\frac{n}{30},$ FOB shipping point.

$6$ The appropriate company paid freight costs of $$770$ on the merchandise purchased on April $3.$

$7$ Purchased supplies on account for $$5,500.$

$8$ Returned merchandise to Oriole and received a credit of $$3,850.$ The merchandise was returned to inventory for future resale.

$30$ Paid the amount due to Oriole in full.

Record the above transactions in Pharoah's books. $($List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Record journal entries in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

Credit

Apr. $3$

Apr. $6$

Apr. $7$

Supplies

Accounts Payable

$3850$

Pharoah Corp. uses a perpetual inventory system. The company had the following inventory transactions in April:

April $3$ Purchased merchandise from Oriole Ltd$.$ for $$30,800,$ terms $\frac{n}{30},$ FOB shipping point.

$6$ The appropriate company paid freight costs of $$770$ on the merchandise purchased on April $3.$

$7$ Purchased supplies on account for $$5,500.$

$8$ Returned merchandise to Oriole and received a credit of $$3,850.$ The merchandise was returned to inventory for future resale.

$30$ Paid the amount due to Oriole in full.

Record the above transactions in Pharoah's books. $($List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Record journal entries in the order presented in the problem.$)$