Question: Question 10 View Policies Current Attempt in Progress Use a tabular summary to record the following transactions for Cullumber Company using a perpetual inventory system.


Question 10 View Policies Current Attempt in Progress Use a tabular summary to record the following transactions for Cullumber Company using a perpetual inventory system. (a) On March 2, Cullumber Company sold $928,800 of merchandise to Oriole Company on account. The cost of the merchandise sold was $511,500. (b) On March 6, Oriole Company returned $108,400 of the merchandise purchased on March 2. The cost of the merchandise returned was $60,800. (c) On March 12, Cullumber Company received the balance due from Oriole Company (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) (Enter negative amounts using either a negative sign preceding the number es -45 or parentheses es. (451) Assets Liabilities Cash Accts. Rec. Accts. Pay Common Stoc a) Mar. 2$ either a negative sign preceding the number e.g. -45 or parentheses e... (45).) Stockholders' Equity Retained Earnings Common Stock Rev. . Exp
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