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On May 18, Cullumber Company sells $850 of merchandise on account with a cost of...

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Accounting

On May 18, Cullumber Company sells $850 of merchandise on account with a cost of $475 to Marin Supply. Prepare the entries for Cullumber Company to record the sale. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date Account Titles and Explanation May 18 (To record the sales revenue.) (To record cost of goods sold.) Debit Credit 11
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On May 18, Cullumber Company sells $850 of merchandise on account with a cost of $475 to Marin Supply. Prepare the entries for Cullumber Company to record the sale. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. List all debit entries before credit entries.)

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