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On January 10 Kim Debra uses her Cullumber Co. credit card to purchase merchandise from Cullumber Co. for $2,200. On February 10, she is
On January 10 Kim Debra uses her Cullumber Co. credit card to purchase merchandise from Cullumber Co. for $2,200. On February 10, she is billed for the amount due of $2,200. On February 12 Debra pays $1,800 on the balance due. On March 10 Debra is billed for the amount due, including interest at 1% per month on the unpaid balance as of February 12. Prepare the entries on Cullumber Co.'s books related to the transactions that occurred on January 10, February 12, and March 10. Omit cost of goods sold entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit
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