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Please answer correctly I will rate, thanks! Pharoah Company buys merchandise on account from Cullumber Company. The selling price of the goods is $1, 385
Please answer correctly I will rate, thanks!
Pharoah Company buys merchandise on account from Cullumber Company. The selling price of the goods is $1, 385 and the cost of the goods sold is $650. Both companies use perpetual inventory systems. Journalize the transactions on the books of both companies. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)Step by Step Solution
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