Waterway Company made a purchase of merchandise on credit from Pharoah Company on August 8, for $10500, terms 2/10/30 On August 17, Waterway makes payment to Pharoah Waterway Company uses a perpetual inventory system. The entry on August 17 for Waterway Company is Accounts Payable 10500 Purchase Returns and 210 Allowances Cash 10290 Accounts Payable 10290 10090 Cash Accounts Payable 10500 Cash 10500 Accounts Payable 10500 Inventory 210 10290 Cash See for Later Attempts 0 of 1 used t