Record the following transactions on the books of Cullumber $Co.($Omit cost of goods sold entries.$)($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts.$)$

$($a$)$ On July $1,$ Cullumber Co$.$ sold merchandise on account to Stacey Inc. for $$23,400,$ terms $\frac{2}{10},\frac{n}{30}.$

$($b$)$ On July $8,$ Stacey Inc. returned merchandise worth $$2,400$ to Cullumber Co$.$

$($c$)$ On July $11,$ Stacey Inc. paid for the merchandise.

Date

Account Titles and Explanation

Accounts Receivable

Sales Revenue

Sales Returns and Allowances

Accounts Receivable

Cash

Debit

Credit

Accounts Receivable

Sales Revenue

Sales Returns and Allowances

Accounts Receivable

Cash