Question 1 of 6

Question 1 of 6 Record the purchase on October 10 and sale on October 12 for Pharoah Company in a perpetual inventory system under (1) FIFO and (2) weighted average. (Round the weighted average cost perunjtto three declmaf places, e.g. 5.275 and final answers to 2 declmal places, e.g. 5,275.25. Credit account tltles are automatlcal!y Indented when the amount Is entered Do not Indent manually. Ifno entry is requlred, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation PerpetualFIFO Oct. 10 (To record purchase on account.) Oct. 12 (To record cash sales.) Debit Credit