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Blossom distributes suitcases to retall stores and extends credit terms of 1/10, n/30 to all of its customers. At the end of June. Blossom's inventory

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Blossom distributes suitcases to retall stores and extends credit terms of 1/10, n/30 to all of its customers. At the end of June. Blossom's inventory consisted of saitcases costing E1,600. During the month of July, the following nerchandising transactions occurred. Jaly 1 Purchased suitcases on account for E1,600 from Trunk Manufacturers, FO8 destination, terms 2/10,n/30. The appropriate party also made a cash payment of 120 foe freight on this date 3 Sold suitcases on account to Satchel World for E3.000. The cost of suiteases sold was 11.700. 9 Paid Trunk Manufacturers in full. 12 Recelved payment in full from Satchel World. 17 Sold sultcases on account to Lady GoGo for E1.700. The cont of the suitcases sold was 6960. 18 Purchased suiteases on account for 2,000 from Holiday Manufacturers, foBs shlpping point, tems 1/10, r/30. The appropriate party also made a cash payment of E130 for freight on this date. 20 Recelved 270 credit (induding freight) for soltcases returmed to Holiday Marufacturers. 21 Received payment in full from Lady GoGo 22 Sold sultcases on account to Vagabond for E3,000. The cost of suitcases sold was f 1.100 30. Paid Holiday Manufacturers in foll. 31 Giranted Vagabond f220 credic for suitcases returned costing fi110. Blossom's chart of accounts focludes the following. No. 101 Cash, No. 112 Accounts Recelvable, Na. 120 irventory No. 201 Accounta Payable, No. 401 Sales Revenue, Na 412 Sales Returns and Alowances, No 4145 Sales Discounts, and No. 505 Cost of Goods 501 . Journalize the transactions for the month of July for Blossom using a perpetual inventary systemt iCredit account flies are autonaticoily indented when amount is entered. Donot indent manually Record joumal entriet in the onder prosented in the problemt if re evtry is requar od. seiect "No Entry" for the eccount tilles and enter of for the amounts.) Date Account Iitles and Explanation Debit. Credit (To record credit sale) (To record cost of merchandise sold) (To record credit sale) (To record cost of merchandise sold) (To record credit sale) (To record cost of merchandise sold) Question 1 of 2 .150 (To record credit sale) (To record cost of merchandise sold) (To record purchase of suitcases) (To record freight paid) Question 1 of 2 .150$ (To record uredit sale) (To record cost of merchandise sold) (To record merchandise retumed)

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