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please help!! Prepare the journal entries to record the following transactions on Pharoah Company's books using a perpetual inventory system. (If no entry is required,

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Prepare the journal entries to record the following transactions on Pharoah Company's books using a perpetual inventory system. (If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. Credit account titles are outomatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) (a) On March 2. Pharoah Company sold $897.900 of merchandise to Sharnrock Company on account, terms 2/10,n/30. The cost of the merchandise sold was $594,200. (b) On March 6, Shamrock Company returned $100,900 of the merchandise purchased on March 2. The cost of the merchandise returned was $67,500. (c) On March 12, Pharoah Company received the balance due from Shamrock Company. (To record cost of goods sold) (To record retum of merchandise) (To record cost of goods retumed) Account Titles and Explanation Debit Credit Accounts Receivable 897900 Sales Reverue (To recond sale of merchandise on account) Cost of Goods sold 594200 (To record cost of goods sold) (To record return of merchandise) (To record cost of goods returned)

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