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On September 14, 2022. Blossom Company sells merchandise valued at $32800 on account to Pacifica Inc. with terms 4/10, n/30, Both Blossom and Pacifica
On September 14, 2022. Blossom Company sells merchandise valued at $32800 on account to Pacifica Inc. with terms 4/10, n/30, Both Blossom and Pacifica use the periodic inventory system. Pacifica remits payment to Sampson on September 23. Blossom's entry on that date is: Cash Sales Discounts Accounts Payable Cash Sales Discounts Accounts Receivable 31488 1312 32800 31488 1312 32800 Cash 31488 Sales Discounts 1312 Accounts Payable 32800 Accounts Receivable 32800 Cash 31888 Purchase Discounts 9121
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