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in the last picture, need help with part B! The following transactions are for Blossom Company. 1 On December 3, Blossom Company sold $521,000 of
in the last picture, need help with part B! The following transactions are for Blossom Company. 1 On December 3, Blossom Company sold $521,000 of merchandise to Sunland Co on account, terms 3/10,n/30. The cost of the merchandise sold was $334 400. On December 8, Sunland Co. was granted an allowance of $30.700 for merchandise purchased on December 3. On December 13, Blossom Company received the balance due from Sunland Co. 2 3. Prepare the journal entries to record these transactions on the books of Blossom Company using a perpetual inventory system (Credit accountities 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 Ofor the amounts.) ate Account Titles and Explanation Debit Credit Accounts Recevable 521,000 Sales Revenue 521,000 To record credit sale) Cost of Goods Sold 334,400 Inventory 334,400 (To record cost of merchandise sold) Sales Returns and Allowances 30.700 Accounts Receivable 30.709 475.391 Sales Discounts 14709 Accounts Receable 190 300 Assume that Blossom Company received the balance due from Sunland Co. on January 2 of the following year instead of December 13. Prepare the journal entry to record the receipt of payment on January 2 (Credit account titles are automatically indented when amount is entened. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Date Debit Credit
in the last picture, need help with part B!
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