Record the following transactions on the books of Pharoah Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)(a)On July 1, Pharoah Co. sold merchandise on account to Stacey Inc. for $24,930, terms 4/10, n/30.(b)On July 8, Stacey Inc. returned merchandise worth $2,230 to Pharoah Co.(c)On July 11, Stacey Inc. paid for the merchandise.

Statistical process control charts: a. indicate to the operator the true quality of material leaving the process. b. display upper and lower limits for process variables or attributes and signal when a process is no longer in control. c. indicate to the process operator the average outgoing quality of each lot. d. display the measurements on every item being produced. e. are a graphic way of classifying problems by their level of importance, often referred to as the 80-20 rule.