Please see below. I need help with this asap please and thank you. On June 10, Shamrock Company purchased $6,500 of merchandise from Pharoah Company, on account, terms 2/10, n/30. Shamrockpays the freight costs of $410 on June 11. Goods totaling $800 are returned to Pharoah for credit on June 12. On June 19, ShamrockCompany pays Pharoah Company in full, less the purchase discount. Both companies use a perpetual inventory system.(a)Prepare separate entries for each transaction on the books of Shamrock Company. (If no entry is required, select "No Entry" for theaccount titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indentmanually. Record journal entries in the order presented in the problem.)DateAccount Titles and ExplanationDebitCredit

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Please see below. I need help with this asap please and thank you.

On June 10, Shamrock Company purchased $6,500 of merchandise from Pharoah Company, on account, terms 2/10, n/30. Shamrock
pays the freight costs of $410 on June 11. Goods totaling $800 are returned to Pharoah for credit on June 12. On June 19, Shamrock
Company pays Pharoah Company in full, less the purchase discount. Both companies use a perpetual inventory system.
(a)
Prepare separate entries for each transaction on the books of Shamrock Company. (If no entry is required, select "No Entry" for the
account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent
manually. Record journal entries in the order presented in the problem.)
Date
Account Titles and Explanation
Debit
Credit

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