1. On December 3 , Cullumber Company soid $588,300 of merchandise to Marigold Co, on account, terms 3/10,n/30. The cost of the merchandise sold was $360,200. 2. On December 8, Marigold Co. was granted an allowance of $27,700 for merchandise purchased on December 3 . 3. On December 13, Cullumber Company received the balance due from Marigold Co. (a) Your answer is correct. Prepare the journal entries to record these transactions on the books of Cullumber Company using a perpetual inventory system. (Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter ofor the amounts.) Assume that Cullumber Company received the balance due from Marigold Co. on January 2 of the following year instead of December 13. Prepare the journal entry to record the receipt of payment on January 2. (Credit account tities are automatically indented when amount is entered. Do not indent manuolly. If no entry is required, select "No Entry" for the occount tities and enter Of for the amounts