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Current Attempt in Progress On August 2 4 , Culver Corporation purchased inventory on account from Pronghorn Inc. The selling price of the goods is

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On August 24, Culver Corporation purchased inventory on account from Pronghorn Inc. The selling price of the goods is $28,600 and the cost of goods sold is $13,020. Both companies use perpetual inventory systems. Record the above transactions on the books of both companies. (List all debit entries before credit entries. Credit account titles are automatically indented when the 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.)
Culver Corporation (Buyer):
(Purchase of merchandise on account)
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