! El CALCULATOR PRINTER VERSION BACK 1. On December 3, Culumber Company sold $533,400 of merchandise to Pharoah Co, terms 2/10, n/30. The cost of the merchandise sold was $312,100 2. On December 8, Pharoah Co. was granted an allowance of $24,700 for merchandise purchased on December 3 3. On December 13, Cullumber Company received the balance due from Pharoah Co. Prepare the journal entries to record these transactions on system. the books of Cullumber Company, Cullumber Company uses a perpetual inventory (If no entry is required, select "No Entry" for the account titles and enter o for the am automatically indented when amount is entered. Do not indent man ually.) No. Date Account Titles and Explanation Debit Credit (To record credit sale) 3. Dec. 13 Assume that Cullumber Company rec the journal entry to record the receipt of payment on January 2. (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.) Debit Credit