Blossom Inc enters into an agreement on March $1,2025,$ to sell Bridgeport Metal Company aluminum ingots. As part of the agreement, Blossom also agrees to repurchase the ingots on May $1,2025,$ at the original sales price of $$250,000$ plus $3\%.$

$($a$)$

Prepare Blossom's journal entry necessary on March $1,2025.($Credit account titles are outomatically indented when the 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. List debit entry before credit entry$)$

$\backslash$table$[[$Date$,$Account Titles and Explanation,Debit,Credit$],[$March $1,2,,,]]$