On June 10,CullumberCompany purchased $9,500of merchandise on account fromRiverbedCompany, FOB shipping point, terms2/10, n/30.Cullumberpays the freight costs of $560on June 11. Damaged goods totaling $500are returned toRiverbedfor credit on June 12. The fair value of these goods is $70. On June 19,CullumberpaysRiverbedCompany in full, less the purchase discount. Both companies use a perpetual inventory system.

(a)

Prepare separate entries for each transaction on the books ofCullumberCompany.(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

choose a transaction date

June 10

June 11

June 12

June 19

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date

June 10

June 11

June 12

June 19

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date

June 10

June 11

June 12

June 19

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date

June 10

June 11

June 12

June 19

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount