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View Policies Current Attempt in Progress Cullumber Company buys merchandise on account from Marin Company. The selling price of the goods is $ 1 ,
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Cullumber Company buys merchandise on account from Marin Company. The selling price of the goods is $ and the cost of the goods sold is $ 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 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.
Account Titles and Explanation
Debit
Credit
Cullumber Company
Marin Company
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