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On March 2, Sunland Company sold $997,000 of merchandise on account to Culver Company, terms 3/10, n/30. The cost of the merchandise sold was
On March 2, Sunland Company sold $997,000 of merchandise on account to Culver Company, terms 3/10, n/30. The cost of the merchandise sold was $583,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit 997000 997000 eTextbook and Media List of Accounts Your answer is partially correct. On March 6, Culver Company returned $99,700 of the merchandise purchased on March 2. The cost of the returned merchandise was $55,300. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit 99700 Inventory 99700 eTextbook and Media List of Accounts Your answer is partially correct. On March 12, Sunland Company received the balance due from Culver Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts
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