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Record the following transactions on the books of Cullumber Co. (Credit account titles are automatically indented when amount is entere Do not indent manually.) a.
Record the following transactions on the books of Cullumber Co. (Credit account titles are automatically indented when amount is entere Do not indent manually.) a. On July 1, Cullumber Co. sold merchandise on account to Waegelein Inc. for $17,000, terms 4/10, n/30. b. On July 8, Waegelein Inc. returned merchandise with a sales price of $4,900 to Cullumber Co. c. On July 11, Waegelein Inc. paid the balance due. c
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