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Current Attempt in Progress Blue Spruce Company buys merchadise on account from Blossom Company. The selling price of the goods is $1,190, and the cost
Current Attempt in Progress Blue Spruce Company buys merchadise on account from Blossom Company. The selling price of the goods is $1,190, and the cost of the goods is $820. Both companies use perpetual inventory systems. Journalize the transaction on the books of both companies. (Credit account titles are automatically indented when 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.) Question 4 of 12 < > Account Titles and Explanation Blue Spruce Company Blossom Company (To record credit sale) I (To record cost of merchandise sold) Debit Credit -/1 E
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