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32 Presented here are selected transactions for the Cullumber Company during April. Cullumber uses the perpetual inventory system. April Sold merchandise to Mann Company for
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Presented here are selected transactions for the Cullumber Company during April. Cullumber uses the perpetual inventory system. April Sold merchandise to Mann Company for $5,900, terms 2/10, 1/30. The merchandise sold had a cost of $2,600. Purchased merchandise from Wild Corporation for $8,500, terms 1/10,n/30. Purchased merchandise from Ryan Company for $1,000, n/30. Received payment from Mann Company for purchase of April 1 less appropriate discount Paid Wild Corporation for April 2 purchase. 1 2 4 10 11 Journalize the April transactions for Cullumber Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record credit sale) (To record cost of good sold)Step by Step Solution
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