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Question 4 of 6 - / 1 On June 10, Cullumber Company purchased $7,300 of merchandise on account from Whispering Winds Company, FOB shipping point,
Question 4 of 6 - / 1 On June 10, Cullumber Company purchased $7,300 of merchandise on account from Whispering Winds Company, FOB shipping point, terms 3/10, 1/30. Cullumber Company pays the freight costs of $410 on June 11. Goods totaling $600 are returned to Whispering Winds for credit on June 12. On June 19, Cullumber Company pays Whispering Winds Company in full, less the purchase discount. Both companies use a perpetual inventory system. (a) Prepare separate entries for each transaction on the books of Cullumber Company. (Credit account titles are automatically indented when 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. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit June 10 June 11 June 12 June 19
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