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Presented here are selected transactions for the Pharoah Company during April. Pharoah uses the perpetual inventory system. April 1 Sold merchandise to Mann Company for

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Presented here are selected transactions for the Pharoah Company during April. Pharoah uses the perpetual inventory system. April 1 Sold merchandise to Mann Company for $5,700, terms 2/10, n/30. The merchandise sold had a cost of $2,500. 2. Purchased merchandise from Wild Corporation for $7,600, terms 1/10,n/30. 4 Purchased merchandise from Ryan Company for $900,n/30 10 Recelved payment from Mann Company for purchase of April 1 less appropriate discount. 11 Paid Wild Corporation for April 2 purchase. Journalize the April tranactions for Pharoah Company. (Credit account titles are automotically indented when the amount is entered. Do not indent manually. Record journat entries in the order presented in the problem.) (To record credit sale) Cost of Gonds Sold Inventory (To record cost of good sold) Aprit2 : Emventary Accounts Payable Aprila : Inventory Accounts Payabic Apra 10 : Cint 3920 Shles blicounts Nuroumb Recelvabie 4000 Ayeril1: Eivh Inventory 80

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