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Weygandt, Financial Accounting, 10e PRINCIPLES O CALCULATOR MESSAGE NY INSTRUCTOR STANDARD VIEW p Brief Exercise 5-5 Prepare the journal entries to record the following transactions on Cullumber Company's books using a perpetual inventory system On March 2, Whispering Winds Company sold $801,000 of merchandise on account to Cullumber Company, terms 2/10, n/30. The cost of the merchandise sold was $521,00oo. (Credit account titles are automatically indented w 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 ults by tive On March 6, Cullumber Company returned $80.100 of the merchandise purchased on March 2. The cost of the returned merchandise was $52,100. (Credit account titles are automatically indented when amount is entered. Do m entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit On March 12, Whispering Winds Company received the balance due from Cullumber Company. (Credit account titles and enter O for the amounts.) account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select Account Titles and Explanation Debit Credit Question Attempts: 0 ot 3 used