The following transactions are for Cullumber Company.

(1)		On December 3 Cullumber Company sold $583,000 of merchandise to Thomson Co., terms 1/10, n/30. The cost of the merchandise sold was $300,000.
(2)		On December 8 Thomson Co. was granted an allowance of $18,000 for merchandise purchased on December 3.
(3)		On December 13 Cullumber Company received the balance due from Thomson Co.

(a)

Prepare the journal entries to record these transactions on the books of Cullumber Company. Cullumber uses a perpetual inventory system. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 3Dec. 8Dec. 13	enter an account title to record credit sale on december 3	enter a debit amount	enter a credit amount
	enter an account title to record credit sale on december 3	enter a debit amount	enter a credit amount
	(To record credt sale)
Dec. 3Dec. 8Dec. 13	enter an account title to record cost of good sold on december 3	enter a debit amount	enter a credit amount
	enter an account title to record cost of good sold on december 3	enter a debit amount	enter a credit amount
	(To record cost of good sold)
Dec. 3Dec. 8Dec. 13	enter an account title for the journal entry on december 8	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on december 8	enter a debit amount	enter a credit amount
Dec. 3Dec. 8Dec. 13	enter an account title for the journal entry on december 13	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on december 13	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on december 13	enter a debit amount	enter a credit amount

List of Accounts