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Current Attempt in Progress Prepare the journal entries to record the following transactions on Cullumber Company's books using a perpetual inventory system. (If no
Current Attempt in Progress Prepare the journal entries to record the following transactions on Cullumber Company's books using a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) (b) ( On March 2, Marin Company sold $914,000 of merchandise to Cullumber Company on account, terms 3/10, n/30. The cost of the merchandise sold was $592,400. On March 6, Cullumber Company returned $104,600 of the merchandise purchased on March 2. The cost of the merchandise returned was $64,400. On March 12, Marin Company received the balance due from Cullumber Company. No. Date (a) (b) (c) v Account Titles and Explanation Debit Credit
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