Current Attempt in Progress

Cullumber Company buys merchandise on account from Bramble Company. The selling price of the goods is $$890,$ and the cost of the

goods is $$580.$ Both companies use perpetual inventory systems.

Journalize the transaction on the books of both companies. $($List all debit entries before credit entries. Credit account titles are automatica

indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the

amounts.$)$

Account Titles and Explanation

Debit

Credit

Cullumber Company

$($To record credit purchase of inventory$)$

Bramble Company.

$($To record credit sale$)$

$($To record cost of merchandise sold$)$