The following transactions are for Cullumber Company. 1. On December 3, Cullumber Company sold $511,400 of merchandise to Vaughn Co., on account, terms 1/10, n/30. The cost of the merchandise sold was $346,300. 2. On December 8, Vaughn Co. was granted an allowance of $34,600 for merchandise purchased on December 3. 3. On December 13, Cullumber Company received the balance due from Vaughn Co. Prepare the journal entries to record these transactions on the books of Cullumber Company using a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)