Prepare the journal entries to record the following transactions on Cullumber Company's books under a perpetual inventory system. (a) (b) (c) (a) (b) On March 2, Marin Company sold $928,800 of merchandise to Cullumber Company on account, terms 2/10, n/30. The cost of the merchandise sold was $511,500. Prepare the journal entries to record the following transactions on Pharoah Company's books using a perpetual inventory system. (c) On March 6, Cullumber Company returned $108,400 of the merchandise purchased on March 2. The cost of the merchandise returned was $60,800. On March 12, Marin Company received the balance due from Cullumber Company. On March 2, Pharoah Company sold $934,300 of merchandise to Shamrock Company on account, terms 2/10, n/30. The cost of the merchandise sold was $508,200. On March 6, Shamrock Company returned $107,900 of the merchandise purchased on March 2. The cost of the merchandise returned was $60,600. On March 12, Pharoah Company received the balance due from Shamrock Company.

Prepare the journal entries to record the following transactions on Cullumber Company's books under a perpetual inventory system. (a) On March 2, Marin Company sold $928,800 of merchandise to Cullumber Company on account, terms 2/10,n/30. The cost of the merchandise sold was $511,500. (b) On March 6, Cullumber Company returned $108,400 of the merchandise purchased on March 2. The cost of the merchandise returned was $60,800. (c) On March 12, Marin Company received the balance due from Cullumber Company. Prepare the journal entries to record the following transactions on Pharoah Company's books using a perpetual inventory system. (a) On March 2, Pharoah Company sold $934,300 of merchandise to Shamrock Company on account, terms 2/10,n/30. The cost of the merchandise sold was $508,200. (b) On March 6, Shamrock Company returned $107,900 of the merchandise purchased on March 2. The cost of the merchandise returned was $60,600. (c) On March 12, Pharoah Company received the balance due from Shamrock Company