On June 10, Marin Company purchased $8,400 of merchandise from Cullumber Company, on account, terms...
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Accounting
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 fune 12 . On June 19, Marin Company pays Cullumber Company in full, less the purchase discount. Both companies use a perpetual inventory system. (a) Prepare separate entries for each transaction on the books of Marin Company. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)
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