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Prepare the journal entries to record the following transactions on Cullumber Company's books using a perpetual Inventory system. (Il no entry is required, select No

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Prepare the journal entries to record the following transactions on Cullumber Company's books using a perpetual Inventory system. (Il no entry is required, select "No Entry" for enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presen (a) (b) (c) on March 2, Cullumber Company sold 920,000 of merchandise to Marin Company on account, terms 2/10, 1/30. The cost of the merchandise sold was $511,500. On March 6, Marin Company returned $108,400 of the merchandise purchased on March 2. The cost of the merchandise returned was $60,800. On March 12, Cullumber Company received the balance due from Marin Company. No. Date Account Titles and Explanation Debit Credit (a) (To record sale of merchandise) (To record return of merchandise 04 (c) March 12 n Show Click if you would like to show Work for this questions O ARE S IT AME Question Attempt of weed Type here to search

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