Blossom Wholesalers uses a perpetual inventory system. Mar. 1 2 3 21 22 23 Stellar Stores purchases $8,800 of merchandise for resale from Blossom Wholesalers, terms 2/10, n/30, FOB shipping point. The correct company pays $135 for the shipping charges. Stellar returns $1,100 of the merchandise purchased on March 1 because it was the wrong colour. Blossom gives Stellar a $1,100 credit on its account. Stellar Stores purchases an additional $13,000 of merchandise for resale from Blossom Wholesalers, terms 2/10, n/30, FOB destination. The correct company pays $155 for freight charges. Stellar returns $350 of the merchandise purchased on March 21 because it was damaged. Blossom gives Stellar a $350 credit on its account. 30 Stellar paid Blossom the amount owing for the merchandise purchased on March 1. 31 Stellar paid Blossom the amount owing for the merchandise purchased on March 21. Additional information: Mar. Blossom's cost of the merchandise sold to Stellar was $4,200. 1 3 Blossom's cost of the merchandise returned by Stellar was $525. As the merchandise was not damaged, it was returned to Blossom's inventory. 21 Blossom's cost of the additional merchandise sold to Stellar Stores was $6,205. 23 Blossom's cost of the merchandise returned by Stellar was $167. As the merchandise was damaged, it was put in the recycling bin. Prepare Blossom Wholesalers' journal entries to record the sales transactions with Stellar. Remember to record the freight and cash receipt transactions as appropriate. (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 O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation (To record sales on account.) (To record cost of goods sold.) (To record credit for goods returned.) Debit Credit Question 9 of 9 < (To record sales on account.) (To record cost of goods sold.) > (Cash payment for freight costs.) (To record credit for goods returned.) (Collection on account.) Mar. 31 -16