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Prepare the journal entries to record the following transactions on Pharoah Company's books using a perpetual imventory system. (if no entry is required, select No
Prepare the journal entries to record the following transactions on Pharoah Company's books using a perpetual imventory system. (if no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. Credit account titles are outomatically indented when amount is entered. Do not indent manualiy. Record journal entries in the order presented in the problem.) (a) On March 2, Shamrock Company sold $934,300 of merchandise to Pharoah Company on account, terms 2/10,n/30. The cost of themerchandise sold was $508,200 (b) On March 6. Pharoah Company returned $107,900 of the merchandise purchased on March 2 The cost of the merchandise returned was $60,600. (c) On March 12, Shamrock Company recelved the balance due from Pharoah Company
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