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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

image text in transcribed July 1July 8July 11

Enter an account title

image text in transcribed

Enter a debit amount

image text in transcribed

Enter a credit amount

image text in transcribed

Enter an account title

image text in transcribed

Enter a debit amount

image text in transcribed

Enter a credit amount

image text in transcribed

Choose a transaction date

image text in transcribed July 1July 8July 11

Enter an account title

image text in transcribed

Enter a debit amount

image text in transcribed

Enter a credit amount

image text in transcribed

Enter an account title

image text in transcribed

Enter a debit amount

image text in transcribed

Enter a credit amount

image text in transcribed

Choose a transaction date

image text in transcribed July 1July 8July 11

Enter an account title

image text in transcribed

Enter a debit amount

image text in transcribed

Enter a credit amount

image text in transcribed

Enter an account title

image text in transcribed

Enter a debit amount

image text in transcribed

Enter a credit amount

image text in transcribed

Enter an account title

image text in transcribed

Enter a debit amount

image text in transcribed

Enter a credit amount

image text in transcribed

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