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Prepare the journal entries to record the following purchase transactions in Blossom Companys books. Blossom uses a perpetual inventory system. Mar. 12 Blossom purchased $23,000

Prepare the journal entries to record the following purchase transactions in Blossom Companys books. Blossom uses a perpetual inventory system.

Mar. 12 Blossom purchased $23,000 of merchandise from Dalibor Company, terms 2/10, n/30, FOB destination.

13 The correct company paid freight costs of $175.

14 Blossom returned $2,700 of the merchandise purchased on March 12 because it was damaged.

21 Blossom paid the balance owing to Dalibor.

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