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Prepare the journal entries to record the following transactions on Cullumber Company's books using a perpetual Inventory system. (If no entry is automatically indented when

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Prepare the journal entries to record the following transactions on Cullumber Company's books using a perpetual Inventory system. (If no entry is automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the proble On March 2, Marin Company sold $890, 100 of merchandise to Cullumber Company on account, terms 2/10, 1/30. The cost of the merchandi (b) On March 6, Cullumber Company returned $105,400 of the merchandise purchased on March 2. The cost of the merchandise returned was $ (c) On March 12, Marin Company received the balance due from Cullumber Company. No. Date Account Titles and Explanation Debit Credit (a) March 2 Accounts Receivable 89,100 Sales Revenue 89,100 (b) March 6 v (c) March 12 V

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