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Presented below are transactions related toCullumberCompany. 1. On December 3,CullumberCompany sold $621,900of merchandise on account toBrambleCo., terms2/10, n/30, FOB destination.Cullumberpaid $430for freight charges. The cost

Presented below are transactions related toCullumberCompany.

1.On December 3,CullumberCompany sold $621,900of merchandise on account toBrambleCo., terms2/10, n/30, FOB destination.Cullumberpaid $430for freight charges. The cost of the merchandise sold was $365,200.2.On December 8,BrambleCo. was granted an allowance of $23,200for merchandise purchased on December 3.3.On December 13,CullumberCompany received the balance due fromBrambleCo.

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