3 The following transactions are for Marin Company 1 On December 3, Marin Company sold $492,200 of merchandise to Cullumber Co, on account, terms 2/10, n/30. The cost of the merchandise sold was $325.100. 2 On December 8, Cullumber Co. was granted an allowance of $22.900 for merchandise purchased on December 3 3. On December 13, Marin Company received the balance due from Cullumber Co. Prepare the journal entries to record these transactions on the books of Marin Company. Marin uses a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) No. Date Account Titles and Explanation 1 Jan. 2 Dec. 3 Dec. 8 Dec. 13 (To record sale of merchandise on account) (To record cost of merchandise sold) Debit Credit