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Cullumber Company buys merchandise on account from Marin Company. The selling price of the goods is $975 and the cost of the goods sold is

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Cullumber Company buys merchandise on account from Marin Company. The selling price of the goods is $975 and the cost of the goods sold is $610. Both companies use perpetual inventory systems. Journalize the transactions on the books of both companies. (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.) Debit Credit Account Titles and Explanation Cullumber Marin (To record sale of merchandise)

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