Prepare the journal entries to record the following purchase transactions in Cullumber Company's books. Cullumber...
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Accounting
Prepare the journal entries to record the following purchase transactions in Cullumber Company's books. Cullumber uses a perpetual inventory system.
Mar. Cullumber purchased $ of merchandise from Dalibor Company, terms n FOB destination.
The correct company paid freight costs of $
Cullumber returned $ of the merchandise purchased on March because it was damaged.
Cullumber paid the balance owing to Dalibor.
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 for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.
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