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(a) On March 2, Cullumber Company sold $801,000 of merchandise on account to Whispering Winds Company, terms 2/10, n/30. The cost of the merchandise sold
(a) On March 2, Cullumber Company sold $801,000 of merchandise on account to Whispering Winds Company, terms 2/10, n/30. The cost of the merchandise sold was $521,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit (To record credit sale) (To record cost of merchandise sold)
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