Brief Exercise 6-3 Use a tabular summary to record the following transactions for Pharoah Company using a perpetual inventory system. (a) (b) (C) on March 2, Pharoah Company sold $897,900 of merchandise to Cullumber Company on account. The cost of the merchandise sold was $594,200. on March 6, Cullumber Company returned $100,900 of the merchandise purchased on March 2. The cost of the merchandise returned was $67,500. On March 12, Pharoah Company received the balance due from Cullumber Company. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assets = Liabilities + Stockholders' Equity Retained Earnings Cash + Accts. Rec. + Inv. = Accts. Pay. + Common Stock + Rev. - Exp. a) Mar. 28 b) 6 c) 12 Click if you would like to Show Work for this question: Open Show Work