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At the beginning of June $2024,$ Culver Distributing Company's ledger showed Cash $$19,000,$ Merchandise Inventory $$5,700,$ and D$.$

Culver, Capital $$24,700.$ During the month of June, the company had the following selected transactions:

June $1$ Purchased $$9,100$ of merchandise inventory from Sun Supply Co$.,$ terms $1/15,$ n$/30,$ FOB destination.

$2$ The correct company paid $$220$ cash for freight charges on the June $1$ purchase.

$5$ Sold merchandise inventory to Moose Jaw Retailers for $$13,000.$ The cost of the merchandise was $$7,200$ and the terms

were $\frac{2}{10},\frac{n}{30},$ FOB destination.

$6$ Issued a $$750$ credit for merchandise returned by Moose Jaw Retailers. The merchandise originally cost $$415$ and was

returned to inventory.

$6$ The correct company paid $$300$ freight on the June $5$ sale.

$7$ Purchased $$840$ of supplies for cash.

$10$ Purchased $$3,750$ of merchandise inventory from Fey Wholesalers, terms $\frac{2}{10},\frac{n}{30},$ FOB shipping point.

$10$ The correct company paid $$110$ freight costs on the purchase from Fey Wholesalers.

$12$ Received a $$250$ credit from Fey Wholesalers for returned merchandise.

$14$ Paid Sun Supply Co$.$ the amount due.

$15$ Collected the balance owing from Moose Jaw Retailers.

$19$ Sold merchandise for $$7,400$ cash. The cost of this merchandise was $$4,700.$

$20$ Paid Fey Wholesalers the balance owing from the June $10$ purchase.

$25$ Made a $$520$ cash refund to a cash customer for merchandise returned. The returned merchandise had a cost $$330.$

The merchandise was damaged and could not be resold.

$30$ Sold merchandise to Bauer & Company for $$4,500,$ terms n$/30,$ FOB shipping point. Culver's cost for this merchandise

was $$2,700.$

Record the transactions assuming Culver uses a perpetual inventory system and the earnings approach. $($Credit account titles are

automatically indented when the 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. Record journal entries in the order presented in the problem. List all debit entries before credit entries.$)$

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