Blossom Stores is a new company that started operations on March 1, 2021. The company has decided to use a perpetual inventory system. The following purchase transactions occurred in March: Mar. 1 2 3 21 Blossom Stores purchases $9,200 of merchandise for resale from Octagon Wholesalers, terms 2/10,n/30, FOB shipping point. The correct company pays $140 for the shipping charges. Blossom returns $1,000 of the merchandise purchased on March 1 because it was the wrong colour. Octagon gives Blossom a $1,000 credit on its account. Blossom Stores purchases an additional $12.500 of merchandise for resale from Octagon Wholesalers, terms 2/10,n/30, FOB destination. The correct company pays $170 for freight charges. Blossom returns $450 of the merchandise purchased on March 21 because it was damaged. Octagon gives Blossom a $450 credit on its account. Blossom paid Octagon the amount owing for the merchandise purchased on March 1. Blossom paid Octagon the amount owing for the merchandise purchased on March 21. 22 23 30 31 Prepare Blossom Stores' journal entries to record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (Purchase on account.) (To record cash payment of freight.) (To record purchase return.) (Purchase on account.) (To record purchase return.) (Payment on account.) li (Payment on account.) Post the transactions to the Merchandise Inventory account. Compare the total in this account with the total of the cash paid during March by Blossom for the purchase of inventory. (Note: Assume there were no sales of inventory in March.) (Post entries in the order of journal entries presented in the previous part.) Merchandise Inventory Total cash payments for inventory in March $ $