Current Attempt in Progress

On October $5,$ Cullumber Company buys merchandise on account from Ayayai Company. The selling price of the goods is $\backslash (\backslash$$ $5,000\backslash ),$ and the cost to Ayayai Company is $\backslash (\backslash$$ $2,500\backslash ).$ On October $8,$ Cullumber Company returns defective goods with a selling price of $\backslash (\backslash$$ $650\backslash )$ and a scrap value of $\backslash (\backslash$$ $235\backslash ).$

Record the transactions on the books of Cullumber Company. $($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 titles and enter O for the amounts. Record journal entries in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

Credit

$($To record goods purchased on account$)$

$($To record return of defective goods$)$

eTextbook and Media

List of Accounts