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Prepare the journal entries to record the following transactions on Blosson Comparr/s books using a perpetual imventory system (a) On March 2, Blossom Compary sold

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Prepare the journal entries to record the following transactions on Blosson Comparr/s books using a perpetual imventory system (a) On March 2, Blossom Compary sold \$853,600 of merchandise to Kinghird Compary on xurncint terms 3/10, n/30. The cost of the merchandise sold was $540,300. (b) On March 6, Kingbird Conpary returned $114,200 of the merchardise purchased on Marth 2 The cost of the merchancise retumed was $68,200. (c) On March 12, Blossom Compary recelved the balance due from Kingbird Compary

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