4 of 15 Current Attempt in Progress Your answer is partially correct. 2.29/3 Record the following transactions on the books of Cullumber Co. (Omit cost of goods sold entries) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On July 1, Cullumber Co. sold merchandise on account to Stacey Inc. for $20,820, terms 2/10, n/30. (b) On July 8, Stacey Inc. returned merchandise worth $2.520 to Cullumber Co. (c) On July 11, Stacey Inc. paid for the merchandise. Date Account Titles and Explanation July 1 Accounts Receivable sales Debit 20,820 July 8 Sales Returns and Allowances 2.520 Accounts Receivable Credit 20,820 2520 Question 4 of 15 < > Date Account Titles and Explanation Debit July.1 Accounts Receivable sales 2.29/3 E 20,820 Credit July 8 Sales Returns and Allowances 2,520 Accounts Receivable July 11 Cash Sales Discounts Accounts Receivable eTextbook and Media List of Accounts Save for Later Search hp a 20,820 2,520 Attempts: 1 of 3 used Submit