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Blossom Corporation shipped $21.200 of merchandise on consignment to Gooch Company. Blossom paid freight costs of $1.900. Gooch Company paid $520 for local advertising,
Blossom Corporation shipped $21.200 of merchandise on consignment to Gooch Company. Blossom paid freight costs of $1.900. Gooch Company paid $520 for local advertising, which is reimbursable from Blossom. By year-end, 61% of the merchandise had been sold for $21,400. Gooch notified Blossom, retained a 10% commission, and remitted the cash due to Blossom Prepare Blossom's journal entry when the cash is received. (Round answers to O decimal places, e. 1.525. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit (To record the cash remitted to Blossom.) signment)
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