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Record the following transactions on the books of Cullumber Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is
Record the following transactions on the books of Cullumber Co. (Omit cost of goods sold 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.)
(a) | On July 1, Cullumber Co. sold merchandise on account to Stacey Inc. for $20,820, terms 2/10, n/30. | |
(b) | On July 8, Stacey Inc. returned merchandise worth $2,520 to Cullumber Co. | |
(c) | On July 11, Stacey Inc. paid for the merchandise. |
Date | Account Titles and Explanation | Debit | Credit | |
---|---|---|---|---|
Choose a transaction date July 1July 8July 11 | Enter an account title | Enter a debit amount | Enter a credit amount | |
Enter an account title | Enter a debit amount | Enter a credit amount | ||
Choose a transaction date July 1July 8July 11 | Enter an account title | Enter a debit amount | Enter a credit amount | |
Enter an account title | Enter a debit amount | Enter a credit amount | ||
| Enter an account title | Enter a debit amount | Enter a credit amount | |
Enter an account title | Enter a debit amount | Enter a credit amount | ||
Enter an account title | Enter a debit amount | Enter a credit amount |
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