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Presented below are selected transactions of Blossom Company. Blossom sells in large quantities to other companies and also sells its product in a small retail

Presented below are selected transactions of Blossom Company. Blossom sells in large quantities to other companies and also sells its product in a small retail outlet.


March 1

Sold merchandise on account to Dodson Company for $ 3,400 , terms 4 /10, n/30.
3

Dodson Company returned merchandise worth $ 1,200 to Blossom .
9

Blossom   collected the amount due from Dodson Company from the March 1 sale.
15

Blossom   sold merchandise for $ 1,000 in its retail outlet. The customer used his Blossom   credit card.
31

Blossom   added 1.60 % monthly interest to the customer’s credit card balance.

Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations.)

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