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Show Alemi Current Attempt in Progress The following transactions are for Cullumber Company 1 On December 3, Cullumber Company sold $658,300 of merchandise to Bramble Co., on account, terms 1/10, n/30, FOB destination. Cullumber paid $330 for freight charges. The cost of the merchandise sold was $380,200 On December 8, Bramble Co. was granted an allowance of $22,300 for merchandise purchased on December 2 3. 3. On December 13, Cullumber Company received the balance due from Bramble Co. (a) Your answer is partially correct. Prepare the journal entries to record these transactions on the books of Culturber Company using a perpetual Inventory system (list all debit entries before credit entries. 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 tities and enter o for the amounts) No. Date Account Titles and Explanation Debit 1 1 Dec 3 Account Recevabile 658 300 Cate or Goods sold (To record credit sale) Dec 3 no 330.200 To record cost of merchandise sold) Dec 3 NO [ Noen (To record freight charges) 2 Dec 8 Sateenan Alles 22.300 Accounts Relatie 3. Dec 13 Cash 629640 6.300 Sales Discounts Accounts Recewable Textbook and Media Attempts: 3 of 3 used b (b) Assume that Cullumber Company received the balance due from Bramble Co. on January 2 of the following year instead of December 13. Prepare the journal entry to record the receipt of payment on January 2. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry for the account tities and enter o for the amounts.) Date Account Titles and Explanation Debit e Textbook and Media List of Accounts Attempts: 0 of 3 used Submit Answer Save for Later Mango | Attempts: 3 of 3 used (b) Assume that Cullumber Company received the balance due from Bramble Co. on January 2 of the following year instead of December 13. Prepare the journal entry to record the receipt of payment on January 2. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry for the account titles and enter o for the amounts.) ount Titles and Explanation Debit Credit e Textbook and Media List of Accounts Save for Later Attempts:0 of 3 used Submit Answer MacBook Air

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