Current Attemptin Progress Your answer is partially correct 1 The following transactions are for Shamrock Company On December 3, Shamrock Company sold 5 533,400 of merchandise to Pharoah Co, on account, terms 2/10, 1/30. The cost of the merchandise sold was $312.100 On December , Pharoah Co. was granted analowance of $24700 for merchandise purchased on December 1 On December 13, Shamrock Company received the balance due from Pharah Ca 2 3 (a) Prepare the journal entries to record these transactions on the books of Shamrock Shamrock uses perpetual inventory system ano entry is required lect"No Entry for the accounts and enter for the amounts and countries are automaty Indented when amount is entered. Do not indent manually Date Account Tities and Explanation Debit Credit hp W d 8 k b n ELE estion 5 of 6 > 4.32/5 Dec 13 Cash Sales Discounts Accounts Receivable asume that Shamrock Company received the balance due from Pharoah Co. on January 2 of the following year instead of December 3. Prepare the journal entry to record the receipt of payment on January 2017 no entry is required, select "No Entry for the account titles ed enter for the amounts. Credit account titles are automatically Indented when amount is entered. Do not Indent manually) Date Account Titles and Explanation Debit Credit an2 Accounts Receivable 30 hp O 5 d g 000 X b alt Ctrl