Cullumber Company buys merchandise on account from Oriole Company. The selling price of the goods is $975 and the cost of the goods SOIU IS JUTU. Both companies use perpetual inventory systems. Journalize the transactions on the books of both companies. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit Account Titles and Explanation Cullumber Company Oriole Company (To record sale of merchandise) Assistance Used List of Accounts Attempts: 0 of 5 used Submit Answer Save for Later List of Accounts Accounts Payable Accounts Receivable Accumulated Depreciation Accumulated Depreciation Administrative Expenses Advertising Expense Amortization Expense Buildings Cash Common Stock Cost of Goods Sold Depreciation Expense Dividends Equipment Freight-in Freight-Out Gain on Disposal of Plant Assets Income Tax Expense Income Taxes Payable Insurance Expense Interest Expense Interest Payable Interest Revenue Inventory Land Loss on Disposal of Plant Assets Maintenance and Repairs Expense Mortgage Payable No Entry Notes Payable Prepaid Insurance Purchase Discounts Purchase Returns and Allowances Purchases Rent Expense Rent Revenue Research and Development Expense Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Discounts Sales Returns and Allowances Sales Revenue Supplies Supplies Expense Unearned Service Revenue Utilities Expense Website