Kimmel, Financial Accounting, Se, Custom for Uaiversity of Akron Helo I Sytem Announcements Brief Exercise 5-4 Prepare the journal entrles to record the folowing transactions on Blossom Company's books using a perpetual inventory system. (f no entry is required, select No Entry for the account tales and enter 0 for the amounts. Credlt account titkes are automatically indentesd when amouat is entered. Do not indent ananualy. Record journal entres io the onder presented in the problemJ (a) On March 2, Sunland Company sold $886,000 of merchandise to Blessom Company, terms 2/10, n/30. The cost of the merchandise sold was $374,000 (b) On March 6, Blossom Company returned $109,300 of the merchandise purchased on March 2. The cost of the merchandise returned was $63,300. (c) On March 12, Sanland Compary received the balance due from Bilossom Company. No. Date Account Titles and Explanation Debit Credit LEST OF ACCOUNTS 1-00 PM 2/26/2018