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Record the october transactions on the books of cullumber

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Question - On October 5, Cullumber Company sells merchandise to Bramble Company for $5,200, terms 2/10, n/30. The cost of the merchandise sold is $3,360. On October 7, Bramble Company returns defective goods with a selling price of $650 and a fair value of $105. On October 11, Cullumber Company receives the balance due from Bramble Company. Record the October 7 and October 11 transactions on the books of Cullumber Company using the perpetual inventory system.

Reference no: EM133080817

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