Question: only need help in whats red. i got it wrong and dont know what i did wrong Cullumber Publishing Co. publishes college textbooks that are

 only need help in whats red. i got it wrong and
dont know what i did wrong Cullumber Publishing Co. publishes college textbooks
only need help in whats red. i got it wrong and dont know what i did wrong

Cullumber Publishing Co. publishes college textbooks that are sold to bookstores on the followine terms. Each titie has a freed wholesale peice, terms fob, shippine point, and poyment is due 60 doys atter shipenent. The retaller myy return a mavimam of 30% of an order at the retaller's expense, Sales are made only to retallers who have good credit ratings. Past experience indicates that the normal return rate is 12%. The costs of recovery are expected to be intuterial, and the textbooks are expected to be resold at a profit. (c) Vour answeic is correct. On July 1.2020, Cullumber shipped books invoiced at $15,000.000 fcost $12.000.000. Prepare the foumal entry to recard thit transaction, (Credit account titles are autamatically indented when amount is entered, Do not indent manualiy if no entry is required, select "No entry" for the account tities and enter of fer the amounts.) On October 3,2020,\$1,500,000 of the involced July sales were returned according to the return policy, and the remaining 513,500,000 was paid. Prepare the journal entries for the return and payment. (Credit occeunt titles are autamotically indented when omount is entered. Do net indent manually. If ne entry is requirud, select "No entry" for the account tities and enter 0 for the emounts.)

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