View Policies Current Attempt in Progress Question 0 Question 39 Cullumber Stores is a new company that started operations on March 1.2021. The company has decided to use a perpetu Inventory system. The following purchase transactions occurred in March 1 Question 40 Mar Question 41 2 3 Viewing gestion 42 -12 Cullumber Stores purchases $9.400 of merchandise for resale from Octagon Wholesalers, terms 2/10W30 FOB shipping point The correct company was 5145 for the shipping charges Cullumber returns $1.200 of the merchandise purchased on March 1 because it was the wrong colour action des Cullumber a $1.200 credit on its account Collumber Stores purchases an additional $12,000 of merchandise for reale trom Octagon Wholesalers, torm 2/10 n/30, FOB destination The correct company pays $175 for freight charges Cultumter returns $500 of the merchandise purchased on March 21 becane was damaged Octo Culhweber $500 credit on its account 21 Question 4 22 23 Question 44 12 O IL 3C 20 2011-12 Type here to search 2/12 35 22 The correct company as 5175 for free Clumber returns 5500 of the merchandise purchased on March 21 because her 5500 credit on its ccount Cullumber paid Octagon the amount owing for the merchand purchase on March Cullumber paid Octagon the amount owing for the merchandise durchred on March 21 Questo 30 31 Question Prepare Cullumber Stores journal entries to record the above transactions. Credit account titles are avtomatically indented when the amount is entered. Do not indent manually no entry is required select "No Entry for the account titles and enter for the antes Record journal entries in the order presented in the problem.) Question Date Account Titles and Explanation Debit Credit Question 10 Question 41 20 21-00 0 BI 30 Type here to search ECE (Purchase on account Questions Question Question (To record cash payment of recht) Qurbon 1 Question To record purchase return) Question 40 1 Question 4 Type here to search O BI . 3 e a 3C 2010-12 acer Purchase on account Questions Questions Question 17 Question 30 To record purchase return Question Question (Payment on account Question 41 Type here to search O AI ed 2011 2021 ace. Question 42 of 44 14:20 C > 12= Merchandisinventory Question Quint Question De 3 Totalcan Doyments for inventory in Mande 5 Question List of Accounts Question 41 O O E AI Type here to search C OL aa