On June 10, Marin Company purchased $6,200 of merchandise from Cullumber Company, on account, terms 4/10, 1/30. Marin pays the freight costs of $100 on June 11. Goods totale $300 are returned to Cullumber for credit on June 12. On June 19, Marin Company pays Culumber Company in full less the purchase discount. Both companies use a perpetual Inventory system Your answer is partially correct. Prepare separate entries for each transaction on the books of Marin Company. (If no entry is required, select "No Entry for the account titles and enter 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.) Date Account Titles and Explanation Debit Credit June 10 Inventory Accounts Payable Inventory Cash Accounts Payable Inventory Accounts Payable Prepare separate entries for each transaction for Cullumber Company. The merchandise purchased by Marin on June 10 cost Cullumber $2.290, and the goods returned cost Cullumber $230. (no entry is required, select "No entry for the account titles and enter 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.) Date Account Tities and Explanation Debit Credit June 10 Accounts Receivable Sales Revenue (To record credit sale) Cost of Goods Sold 2290 Inventory (To record cost of goods sold) No Entry June 11 No Entry June 12 Sales Returns and Allowances Accounts Receivable (To record credit sale) Inventory Cost of Goods Sold (To record cost of goods returned) Cash June 19 Sales Discounts Accounts Receivable