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1. On October 8, purchased merchandise on account from Blossom Company for $20,800, terms 2/10, n/30. 2. On October 9, paid freight costs of
1. On October 8, purchased merchandise on account from Blossom Company for $20,800, terms 2/10, n/30. 2. On October 9, paid freight costs of $640 on merchandise purchased from Blossom Company, 3. On October 11, returned $4,500 of October 8 merchandise to Blossom Company. 4. On October 18, paid the amount due to Blossom Company in full. a perpetual inventory Use a tabular summary to record the transactions listed above for Cullumber Co.'s books. Cullumber Co.u system. Include margin explanations for the changes in revenues and expenses.(Enter negative amounts using ither a negative sign preceding the number eg.-45 or parentheses e.g. (45).) Date Oct. 8 9 Cash Assets -640 Inventory 20800 640 Liabilities Accounts Payable 20800 11 i -4500 -4500 18 eTextbook and Media List of Accounts -326 16300 C 1800 1500 300 Common Stock Rev. Exp. eTextbook and Media Retained Earnings i Use a tabular summary to record the transactions listed above for Cullumber Co.'s books. Cullumber Co. uses a perpetual inventory system. Include margin explanations for the changes in revenues and expenses.(Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses eg. (45).) Rev. Stockholders' Equity Retained Earnings in Exp. Div. i i
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