Blossom Publishers sells textbooks to universities across Canada. On July 10, 2021, Blossom entered into a contract with Hinton University to supply 240 accounting textbooks at a price of $ 104 per book to be paid on September 25, 2021. The books cost Blossom $75 each. Blossom's return policy states that any unsold books can be returned within 90 days of delivery. The books were delivered on August 25, 2021. Blossom estimates returns at 10% of sales. Hinton returns 8 books on September 15, 2021, and 16 books on September 30, 2021. Determine the transaction price. Transaction price $ List of Accounts On what date should revenue be recognized? Revenue should be recognized on Date Cred Debit Account Titles and Explanation (To record sales on account.) August 25, 2021 (To record cost of goods sold.) (To record credit for goods returned.) (To record credit for goods returned.) (Collection on account.) (To record cash refund for goods returned.) (To record cost of goods returned.) List of Accounts