Prepare the journal entries to record the following transactions on Cullumber Company's books under a...
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Prepare the journal entries to record the following transactions on Cullumber Company's books under a perpetual inventory system. of no entry is required, select 7No Entry for the acciount tides entries before credit entries.) (a) On March 2, Marin Company sold $914,000 of merchandise to Cullumber Company on account, tems 3/10, N/30. The cost of the merchandise sold was $592400. (b) On March 6, Cullumber Compary returned $104,600 of the merchandise purchased on March 2 The cost of the merchandise returned was $64,400. (c) On March 12, Marin Company received the balance due from Cullumber Company
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