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(a) On March 2, Sunland Company sold $899,700 of merchandise to Blossom Company, terms 2/10, n/30. The cost of the merchandise sold was $525,600, (b)
(a) On March 2, Sunland Company sold $899,700 of merchandise to Blossom Company, terms 2/10, n/30. The cost of the merchandise sold was $525,600, (b) On March 6, Blossom Company returned $111,400 of the merchandise purchased on March 2. The cost of the merchandise returned was $69,800.
(c) | On March 12, Sunland Company received the balance due from Blossom Company. |
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