No. (a) (a) (b) (c) (b) On March 2, Cullumber Company sold $890,100 of merchandise to Marin Company on account, terms 2/10, n/30. The cost of the merchandise sold was $546,300. On March 6, Marin Company returned $105,400 of the merchandise purchased on March 2. The cost of the merchandise returned was $62.600 On March 12, Cullumber Company received the balance due from Marin Company. Date (c) March 12 # # Account Titles and Explanation Accounts Receivable Sales Revenue (To record sale of merchandise) (To record return of merchandise) Debit 890100 Credit 890100 10000 0000 10000 1000

No. (a) (a) (b) (c) (b) On March 2, Cullumber Company sold $890,100 of merchandise to Marin Company on account, terms 2/10, n/30. The cost of the merchandise sold was $546,300. On March 6, Marin Company returned $105,400 of the merchandise purchased on March 2. The cost of the merchandise returned was $62.600 On March 12, Cullumber Company received the balance due from Marin Company. Date (c) March 12 # # Account Titles and Explanation Accounts Receivable Sales Revenue (To record sale of merchandise) (To record return of merchandise) Debit 890100 Credit 890100 10000 0000 10000 1000

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter9: Sales And Purchases

Section: Chapter Questions

Problem 8E: Toby Company had the following sales transactions for March: Mar. 6Sold merchandise on account to...

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