3b/6: Prepare journal entries to record the June 6 purchase and the October 18 sale.

Blossom Company uses a perpetual inventory system. The company began 2024 with 1,100 lamps in inventory at a cost of $11 per unit. During 2024, Blossom had the following purchases and sales of lamps: All purchases and sales are on account. Date Account Titles Debit Credit June 6 Oct. 18 (To record sales on account.) Oct. 18 (To record cost of goods sold.)