This information relates to Shamrock Co. 1. 2. 3. 4. 5. On April 5, purchased merchandise on account from Pharoah Company for $28,600, terms 4/10, n/30. On April 6, paid freight costs of $580 on merchandise purchased from Pharoah. On April 7, purchased equipment on account for $32,000. On April 8, returned $3,500 of April 5 merchandise to Pharoah Company. On April 15, paid the amount due to Pharoah Company in full.
This information relates to Shamrock Co. 1. 2. 3. 4. 5. On April 5, purchased merchandise on account from Pharoah Company for $28,600, terms 4/10, n/30. On April 6, paid freight costs of $580 on merchandise purchased from Pharoah. On April 7, purchased equipment on account for $32,000. On April 8, returned $3,500 of April 5 merchandise to Pharoah Company. On April 15, paid the amount due to Pharoah Company in full.
Chapter1: Financial Statements And Business Decisions
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