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Listed below are some transactions for Blossom Products Ltd . , which uses a perpetual inventory system and reports under ASPE.May 2 Sold inventory on

Listed below are some transactions for Blossom Products Ltd., which uses a perpetual inventory system and reports under ASPE.May2Sold inventory on account to Crane Inc., terms 2/10, n/30. Selling price $24,800; cost $9,920.3 Received a portion of the inventory sold on the previous day because it was damaged and could never be sold in the future. Selling price $1,860; cost $744.5 Received a portion of the inventory sold on May 2 that was in good condition and could be sold to other customers in tl future. Selling price $3,140, cost $1,488.7 Received payment in full from Crane Inc. for the amount due from the sale made on May 2.(a)Record the journal entry or entries for each of the transactions above.

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