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View Policies Current Attempt in Progress On August 7. Imports to Pharoah Co.sold merchandise with a cost of $251 for $650 to Jade Biggs, who
View Policies Current Attempt in Progress On August 7. Imports to Pharoah Co.sold merchandise with a cost of $251 for $650 to Jade Biggs, who used an imports to Pharoah Co. credit card for payment. On August 15, Jade returned $110 of merchandise that was damaged and the goods were scrapped. On September 7. Imports to Pharoah Co.recorded interest on the credit card balance owing on Jade Biggs's account. Imports to Pharoah Co. charges 18% on any balance owing on its credit cards. Prepare journal entries to record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem. Round answers to 2 decimal places, eg. 52.75.) Date Account Titles and Explanation Debit Credit (To record credit card sale on account
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