Cullumber Corporation uses the perpetual inventory system and began business on April $1.$ During the month Cullumber made inventory purchases of $$84,300$ on terms of $\frac{3}{10},\frac{n}{30}.$ Cullumber returned $$3,500$ worth of goods during the month. Cullumber made all payments in time to take advantage of the offered cash discounts during the month. Cullumber sold inventory on account with a value of $$72,300$ and a markup of $30\%$ on the cost. These were the only inventory transactions during the month. Leo uses the gross method in accounting for cash discounts. Prepare the journal entries related to:

$($a$)$

Prepare the journal entry related to the purchase of goods. $($List debit entry before credit entry. Credit account titles are automatically indented when the amount is entered. Do not indent manually.$)$

$($b$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.

$($c$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.

$($d$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.