Prepare journal entries to record the following sales transactions in Blossom Company's books. Blossom uses a perpetual inventory system. Jan. 2 Blossom sold $15,000 of merchandise to Xiaoyan Company, terms n/30, FOB shipping point. The cost of the merchandise sold was $5,925. 4 6 The correct company paid freight costs of $215. Xiaoyan returned $1,100 of the merchandise purchased on January 2 because it was not needed. The cost of the merchandise returned was $430, and it was restored to inventory. Feb. 1 Blossom received the balance due from Xiaoyan.