he following transactions are for Kingbird Company.

1.On December 3, Kingbird Company sold $521,300 of merchandise to Blossom Co., on account, terms3/10, n/30. The cost of the merchandise sold was $313,500.2.On December 8, Blossom Co. was granted an allowance of $23,400 for merchandise purchased on December 3.3.On December 13, Kingbird Company received the balance due from Blossom Co.

(a)

Prepare the journal entries to record these transactions on the books of Kingbird. Kingbird uses a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)