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On October 5 , Cullumber Company buys merchandise on account from Ayayai Company. The selling price of the goods is $ 5 , 0 0

On October 5, Cullumber Company buys merchandise on account from Ayayai Company. The selling price of the goods is $5,000, and
the cost to Ayayai Company is $2,500. On October 8, Cullumber returns defective goods with a selling price of $650 and a fair value of
$235.
Record the transactions on the books of Cullumber Company. (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. Record journal entries in the
order presented in the problem.)
(To record goods purchased on account)
(To record return of defective goods)
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