The following transactions are for Cullumber Beauty Supply Company. (1) (2) (3) On December 3, Cullumber Beauty Supply Company sold $589,000 of merchandise to Sally Co., terms 1/10, n/30. The cost of the merchandise sold was $309,000. On December 8, Sally Co. was granted an allowance of $24,000 for merchandise purchased on December 3. On December 13, Cullumber Beauty Supply received the balance due from Sally Co.

The following transactions are for Cullumber Beauty Supply Company. (1) On December 3, Cullumber Beauty Supply Company sold $589,000 of merchandise to Sally Co., terms 1/10,n/30. The cost of the merchandise sold was $309,000. (2) On December 8, Sally Co. was granted an allowance of $24,000 for merchandise purchased on December 3. (3) On December 13, Cullumber Beauty Supply received the balance due from Sally Co. The following transactions are for Cullumber Beauty Supply Company. (1) On December 3, Cullumber Beauty Supply Company sold $589,000 of merchandise to Sally Co., terms 1/10,n/30. The cost of the merchandise sold was $309,000. (2) On December 8, Sally Co. was granted an allowance of $24,000 for merchandise purchased on December 3. (3) On December 13, Cullumber Beauty Supply received the balance due from Sally Co