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Prepare the journal entries to record these transactions on Blossom Company's books using a periodic inventory system. ( If no entry is required, select

Prepare the journal entries to record these transactions on Blossom Company's books using a periodic inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically 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, Blossom Company purchased $850,000 of merchandise from Kingbird Company, terms 2/10, n/30.
b. On March 6, Blossom Company returned $100,000 of the merchandise purchased on March 2.
c. On March 12, Blossirm Company paid the balance due to Kingbird Company.
Date
Account Titles and Explanation
Debit
Credit
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