Brief Exercise 5-05 a-c Prepare the journal entries to record the following transactions on Bramble Companys books under a perpetual inventory system.

On March 2, Cullumber Company sold $835,000 of merchandise on account to Bramble Company, terms 2/10, n/30. The cost of the merchandise sold was $585,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit

On March 6, Bramble Company returned $83,500 of the merchandise purchased on March 2. The cost of the returned merchandise was $56,800. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit