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Prepare the journal entries to record the following purchase transactions in Cullumber Company's books. Cullumber...

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Accounting

Prepare the journal entries to record the following purchase transactions in Cullumber Company's books. Cullumber uses a perpetual inventory system.
Mar. 12 Cullumber purchased $17,000 of merchandise from Dalibor Company, terms 2/10, n/30, FOB destination.
13 The correct company paid freight costs of $155.
14 Cullumber returned $2,500 of the merchandise purchased on March 12 because it was damaged.
21 Cullumber paid the balance owing to Dalibor.
(Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)
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