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Cullumber Supply Co. has the following transactions: Nov. 1 15 Dec 1 15 31 Mar 1 June Loaned $66,000 cash to A. Morgan on a

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Cullumber Supply Co. has the following transactions: Nov. 1 15 Dec 1 15 31 Mar 1 June Loaned $66,000 cash to A. Morgan on a one-year, 7% note Sold goods to H. Giorgi on account for $14,400 terms /30. The goods cost Cullumber $9,000. Cullumber uses the perpetual inventory system Sold goods to Wrightman, Inc. receiving a $22.800 three-month, 5% note. The goods cost Cullumber $15.200 H. Giorg) was unable to pay her account Glore gave Cullumber a six-month, 6% note in settlement of her account Accrued Interest revenus on all notes receivable Interest is due at maturity Collected the amount owing on the Wrightinan note. H Glorideaulted on the note. Future payment is expected Record the transactions for Cultumer Supply Co.culumber Supoly Co has no stated return polley Credit occount titles are automatically indented when the amount is entered Do not indent molly / no entry is required select "No buy for the accountitles and enter for the amounts Record journal entries in the ander presented in the problem Account Titles and Explanation Credit Date Debit end cashine chance for at Tiend cash in exchange for a note.) (To record sales on account) (To record cost of goods sold) To record sales in exchange for a note receivable) (To record cost of goods sold I not for accounts receivable Accept note for accounts receivable! (Accrue interest earned) (To record collection of not receivable and interest To record sharing of te were collections expected

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