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Question 16 of 100 < > 0.57/1 Record the following transactions on the books of Blossom Co. (Omit cost of goods sold entries.) (List
Question 16 of 100 < > 0.57/1 Record the following transactions on the books of Blossom Co. (Omit cost of goods sold entries.) (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) On July 1, Blossom Co. sold merchandise on account to Stacey Inc. for $23,850, terms 4/10, n/30. (b) On July 8, Stacey Inc. returned merchandise worth $2,550 to Blossom Co. (c) On July 11, Stacey Inc. paid for the merchandise. Date Account Titles and Explanation Accounts Receivable July 1 # Sales Revenue July 04 Sales Returns and Allowances July 11 9 Cash Sales Discounts Debit 23850 Credit 23050
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