Cullumber Company is involved in the design, manufacture, and installation of various types of wood...

Exercise 5 - 21 Cullumber Company must hold the counters is totally dependent on when the arena is completed . Because Cullumber has not received additional progress payments for the arena due to the delay , Stadium has provided a deposit of $ 255 , 000 . ( [ ) 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 CreditExercise 6 - 21 ACCOUNTS Payable ACCOUNTS RECEIVable Advertising EXPENSE* Allowance for Doubtful Accounts Cash Commission EXPENSE Commission REVENUE Construction EXPENSES Contract Asset / Liability Cost of Goods Sold Delivery EXPENSE Estimated Inventory Returns Interest EXPENSE Interest Income Interest Payable Interest Receivable Inventory Inventory on Consignment LOSS DUE to Damaged Inventory Miscellaneous EXPENSE NO Entry Notes Receivable Refund Liability Rent REVENUE Returned Inventory Revenue from Consignment Sales REVENUE from Long - Term Contracts Sales Discounts ForfeitEd Sales Returns and Allowances Sales REVENUE SERVICE REVENUE SERVICE REVENUE - Commissions UnEarnEd REVENUE Unearned Warranty REVENUE Utilities EXPENSE Warranty EXPENSE Warranty Liability Warranty REVENUE