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Business, 06.11.2019 06:31 bcox32314

On june 10, pharoah company purchased $7,600 of merchandise from cullumber company, terms 4/10, n/30. pharoah company pays the freight costs of $390 on june 11. goods totaling $500 are returned to cullumber company for credit on june 12. on june 19, pharoah company pays cullumber company in full, less the purchase discount. both companies use a perpetual inventory system. prepare separate entries for each transaction on the books of pharoah company.

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On june 10, pharoah company purchased $7,600 of merchandise from cullumber company, terms 4/10, n/30...

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