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help with part B This information relates to Marin Co. 1. On April 5, purchased merchandise on account from Cullumber Company for $26,600, terms 4/10,n/30.
help with part B
This information relates to Marin Co. 1. On April 5, purchased merchandise on account from Cullumber Company for $26,600, terms 4/10,n/30. 2. On April 6, paid freight costs of $630 on merchandise purchased from Cullumber. 3. On April 7, purchased equipment on account for $33,900. 4. On April 8 , returned $5,100 of April 5 merchandise to Cullumber Company. 5. On April 15, paid the amount due to Cullumber Company in full. (a) Your answer is correct. Prepare the journal entries to record the transactions listed above on Marin Co.'s books. Marin Co. uses a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 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. List all debit entries before credit entries.) at aTexthnok and Marlia Attempts: 2 of 3 used (b) Assume that Marin Co. paid the balance due to Cullumber Company on May 4 instead of April 15. Prepare the journal entry to record this payment. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.)Step by Step Solution
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