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Blossom Co. had the following transactions during October. 1. 2. On October 8, purchased merchandise on account from Crane Company for $20,200, terms 2/10, 1/30.

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Blossom Co. had the following transactions during October. 1. 2. On October 8, purchased merchandise on account from Crane Company for $20,200, terms 2/10, 1/30. On October 9, paid freight costs of $620 on merchandise purchased from Crane Company. On October 11, returned $4,300 of October 8 merchandise to Crane Company. On October 18, paid the amount due to Crane Company in full. 3. 4. Use a tabular summary to record the transactions listed above for Blossom Co's books. Blossom Co.uses a perpetual inventory system. Include margin explanations for the changes in revenues and expenses.(Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).J Assets Liabilities Accounts Payable Inventory Date Cash 20200 $ 20200 Oct. 8 $ . 4 w MacBook Air ODO F6 F7 FB 80 000 F4 F3 F2 *

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