Record the following transactions on the books of Cullumber Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when mount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) (b) On July 1, Cullumber Co. sold merchandise on account to Stacey Inc. for $20,820, terms 2/10,n/30, On July 8, Stacey Inc. returned merchandise worth $2,520 to Cullumber Co. On July 11, Stacey Inc. paid for the merchandise. Date Account Tities and Explanation Debit Credit eTextbook and Media List of Accounts