On March 2. Cullumber Company sold $889,000 of merchandise on account to Riverbed Company, terms...
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On March 2. Cullumber Company sold $889,000 of merchandise on account to Riverbed Company, terms 3/10, 1/30. The cost of the merchandise sold was $592.000 (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation (To record credit sale) (To record cost of merchandise sold) eTextbook and Media List of Accounts On March 6, Riverbed Company returned $88,900 of the merchandise purchased on March 2. The cost of the returned merchandise was $59,900. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation (To record merchandise returned) (To record cost of merchandise returned) On March 12, Cullumber Company received the balance due from Riverbed Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation
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