On June 10, Sunland Company purchased $10,000 of merchandise on account from Culver Company, FOB shipping point, terms 1/10, n/30. Sunland pays the freight costs of $560 on June 11. Goods totaling $400 are returned to Culver for credit on June 12. On June 19, Sunland pays Culver Company In full, less the discount. Both companies use a perpetual inventory system. Prepare separate entries for each transaction on the books of Sunland Company (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts) Date June 10 V June 10 v June 12 V June 19 Account Titles and Explanation Accounts Receivable Sales Discounts Cost of Goods Sold Debit DOOW! Credit

On June 10 , Sunland Company purchased $10,000 of merchandise on account from Culver Company, FOB shipping point, terms 1/10. rv30. Sunland pays the freight costs of $560 on June 11 Goods totaling $400 are returned to Culver for credit on June 12 . On June 19 . Sunland pays Culver Compary In full, less the discount. Both companies use a perpetual Inventory system. Prepare separate entries for each transaction on the books of Sunland Company. (Lst all debit entries before credit entries. Credit account titles are cutomaticolly indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter ofor the amounts.) Prepare separate entries for each transaction for Culver Company. The merchandise purchased by Sunland on June 10 cost Culver \$5,500, and the goods returned cost Culver $180. (Ust all debit entries before credit entries Credit account titles are outamatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts)