Presented below are two independent situations. Assume each company uses a periodic inventory system.

On January $6,$ Cullumber Co$.$ sells merchandise on account to Pryor Company for $$5,450,$ terms $\frac{2}{10},$ n$/30.$ On January $16,$

Pryor Company pays the amount due.

On January $10,$ D$.$ Laskowski purchases $$7,100$ of merchandise from Bramble Co$.,$ terms $\frac{2}{10},$ n$/30.$ D$.$ Laskowski returns

$$500$ of merchandise to Bramble on January $15.$ Bramble Co$.$ charges its customers $1\%$ per month on overdue amounts. On

March $10,$ Bramble records interest on D$.$ Laskowski's past$-$due account. On March $11,$ D$.$ Laskowski pays his account in full.

$($a$)$

For item $1,$ prepare the entries on January $6$ and January $16$ on Cullumber Co$.\text{'}$s books. Ignore any inventory and cost of goods sold

entries. $($Credit account titles are automatically indented when the 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. List all debit entries before credit

entries. Record journal entries in the order presented in the problem.$)$

Date

Account Titles

Debit

Credit

Accounts Receivable