The following merchandise transactions occurred in December. Both companies use a perpetual inventory system. Dec. 3 Cullumber Company sold merchandise to Ivanhoe Co. for $34,000, terms 2/10,n/30,FOB destination. This merchandise cost Cullumber Company $18,000. 4 The correct company paid freight charges of $825. 8 Ivanhoe Co. returned unwanted merchandise to Cullumber. The returned merchandise had a sale price of $2,400 and a cost of $990. It was restored to inventory. 13 Cullumber Company received the balance due from Ivanhoe Co. Prepare the journal entries to record these transactions on the books of Cullumber Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)