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Due Thursday, February 16 at 10 pm Eastern Time Question 2 of 6 < > (a) 0.82/1 E On March 2, Marin Company sold
Due Thursday, February 16 at 10 pm Eastern Time Question 2 of 6 < > (a) 0.82/1 E On March 2, Marin Company sold $928,800 of merchandise to Cullumber Company on account, terms 2/10, n/30. The cost of the merchandise sold was $511,500. (b) On March 6, Cullumber Company returned $108,400 of the merchandise purchased on March 2. The cost of the merchandise returned was $60,800. (c) On March 12, Marin Company received the balance due from Cullumber Company. Date Account Titles and Explanation March 2 Inventory Debit Credit 928800 Accounts Payable March 6 Accounts Payable 108400 Inventory March 12 Accounts Payable 820400 Cash 928800 108400 hursday, February 16 at 10 pm Eastern Time on 5 of 6 March 12 < > Inventory (To record return of merchandise) -/3 E IC
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