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On October 5, Cullumber Company buys merchandise on account from Marin Company. The selling price of the goods is $5,790, and the cost to Marin Company is $3,520. On October 8, Cullumber returns defective goods with a selling price of $920 and a scrap value of $340. Record the transactions on the books of Marin Company, assuming a perpetual approach. (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.)
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On October 5, Cullumber Company buys merchandise on account from Marin Company. The selling price of...
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