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3 of 10 Prepare the journal entries to record the following transactions on Blossom Company's books under a perpetual inventory system. (OI no entry is
3 of 10 Prepare the journal entries to record the following transactions on Blossom Company's books under a perpetual inventory system. (OI no entry is required, select "No Entry" for the account titles ond enter of for the amounts. Credit occount titles are automatically indented when amount is entered. Do not indent monually. Record joumal entries in the order presented in the problem. Ust all debit entries before credit entries.) (a) On March 2, Kingbird Company sold $853,600 of merchandise to Blossom Company on account, terms 3//10,n//30. The cost of the merchandise sold was $540,300. (b) On March 6, Blossom Company returned $114,200 of the merchandise purchased on March 2. The cost of the merchandise returned was $68,200. (c)
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