Current Attempt in Progress The following are transactions between Cullumber Corp. the consimer, and Oriole Stores Ltal, the consignee, for the month of June 2023. Cullumber unes a perpetual inventory system and has a separate perpetial fecord for inventory sent out on consignment. At the end of each month.sales are reported by Oriole to Cullumber and a net ppyment is made. The acreement stipulates that Oriole is to June 1 Culumber ships merchandise costine 5495,000 on convevent to Oriole Stores. June 5 Cullumber pays the freight of $5.000 for the above shipment of June 1. June 30 Summary entry for the month of June. Oriole sels half of the merchankle for f6e0.000 cath. June 30 Oriole notihes Cullumber that 505 of the merchundine has been sold for $600000 and remits a cheque for the amount due under the consignment agreement. Cultamber records the receiot of the cheque from Oriole Fincted Coodelisentor (fo rocord wemery cetry)