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Prepare the journal entries to record these transactions on Pharoah Company's books using a periodic inventory system (if no entry is requird, seied Mo Entry

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Prepare the journal entries to record these transactions on Pharoah Company's books using a periodic inventory system (if no entry is requird, seied "Mo Entry" for the accoent tities and enter o for the amounts. Credit account titles ere automatically indented when amounf is entered. Do not indent manualy, Recerd fournal entries in the order presented in the problem.) (a) On March 2. Pharoah Compary parchased $873,000 of merchandise trem 5 tamrock Compamy, terms 2/10, n/30. (b) OniMarch.6. Pharoah Company returned $108,800 of the merchandise purchased on March 2. (c) OnMarch 12. Pharoak Comsany pald the bolance due to Shamrock Company

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