Business, 25.10.2019 21:43, wowihavefun

On june 10, marin company purchased $8,400 of merchandise from cullumber company, on account, terms 3/10, n/30. marin pays the freight costs of $380 on june 11. goods totaling $500 are returned to cullumber for credit on june 12. on june 19, marin company pays cullumber company in full, less the purchase discount. both companies use a perpetual inventory system. prepare separate entries for each transaction on the books of cullumber company

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On june 10, marin company purchased $8,400 of merchandise from cullumber company, on account, terms...