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Blossom Company'schart of accounts includes the following selected accounts. On April 1, the accounts receivable ledger of Blossom Company showed the following balances: Morrow $1,540,

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Blossom Company'schart of accounts includes the following selected accounts. On April 1, the accounts receivable ledger of Blossom Company showed the following balances: Morrow $1,540, Rose $1,210, Jennings Co. $2,890, and Dent $2,050. The April transactions involving the receipt of cash were as follows. Apr. The owner, T. Blossom, invested additional cash in the business $7,240. 1 4 Received check for payment of account fromDent less 2% cash discount. 5 Recelved check for $905 in payment of invoice no, 307 from Jennings Co. 8. Made cash sales of merchandise totaling $7,210. The cost of the merchandise sold was $4,326,00. 10 Received check for $560 inpayment of imvoice no. 309 from Morrow. 11. Recelved cash refund from a supplier for damaged merchandise $755. 23. Receivedcheck for $1.005 in payment of invoice no. 310 from Jennings C o 29. Received check for payment of account from Rose (no cash discount allowed). Cash Receipts Journal Accounts Receivable DateAccountCreditedRef. Sales Discounts Dr. Cr. 120 (101) (414) (112) CR1 Cost of Goods Sold Dr. Sales Revenue Cr. Other Accounts Cr. Inventory Cr. (401) (X) (505)(120)

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