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Prepare the joumal entries to record the following transiactions on Blotsom Company's books under a perpetuatinventory system. (If no entry is required, select No Entry

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Prepare the joumal entries to record the following transiactions on Blotsom Company's books under a perpetuatinventory system. (If no entry is required, select "No Entry" for the account tilies and enter o for the amounts. Credit aceount tities are eutomaticelly indented when amount is entered, Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) (a) On March 2 Kingbird Company sold 5853,600 of merchandise to Blossom Company on account, terms 3/10, n/30. The cost of the merchandise sold was $540,300. (b) On March 6, Blossom Company returned $114,200 of the merchandise purchased on March 2. The cost of the merchandise returned was $68,200. (c) On March 12. Kingbird Company received the balance due from Blossom Company

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