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Record the transactions on the books of Pharoah Company

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Reference no: EM133096422

Question - On October 5, Pharoah Company sells merchandise to Flounder Company for $5,420, terms 1/10, n/30. The cost of the merchandis sold is $2,690. Pharoah paid the freight charges of $115. Record the transactions on the books of Pharoah Company using the perpetual inventory system.

Reference no: EM133096422

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