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The following transactions are for Marin Company. 1 On December 3, Marin Company sold $492,200 of merchandise to Cullumber Co., on account, terms 2/10,

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The following transactions are for Marin Company. 1 On December 3, Marin Company sold $492,200 of merchandise to Cullumber Co., on account, terms 2/10, n/30. The cost of the merchandise sold was $325,100. 2. On December 8. Cullumber Co. was granted an allowance of $22.900 for merchandise purchased on December 3. 3. On December 13, Marin Company received the balance due from Cullumber Co. (a) Your answer is correct Prepare the journal entries to record these transactions on the books of Marin Company Marin uses a perpetual inventory system. (If no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries) No. Date Type here to search Account Titles and Explanation E WH 23 Debit Cred 574 11:52 AM 10/2/2022

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